Bestinvest says
Fund manager Adrian Frost is highly rated by Bestinvest on the flagship Artemis Income fund (5 stars), but that fund has a different mandate, investing predominantly in equities and this is where we believe Frost's real strengths lie. Therefore Bestinvest has not rated this fund.
The emphasis of the fund is investment in UK fixed interest investments and preference shares. However manager Adrian Frost has the flexibility to invest in all economic sectors worldwide and in equities.
Frost also manages Artemis' flagship Income fund, which purchases equities only. His investment philosophy can be described as being split 70/30 between stock specific drivers and top down macro economic factors (i.e. global trends). The manager looks to achieve the highest yield possible whilst maintaining confidence that the issuer can maintain its coupons and meet its redemption payment. They look to take advantage of anomalies caused by credit ratings - many funds can only buy bonds above a certain rating - and through the lack of research in certain high yield issues. Within the equity portion of the fund the manager looks for safe, high yields. The weighting in equities will depend on the levels of yield and risk compared to bonds.