Artemis Global Growth R

  • 217.10p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.25% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.57%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.70%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 24 March 2020, fund data last updated 05 July 2011

This fund invests in equities worldwide and usually has a bias to large cap stocks. Run using SmartGARP, Artemis' in-house quantitative stock ranking system, the fund tends to perform best in directional markets but underperform at market turning points, which may make it unsuitable as a core holding. The fund had a strong track record but was downgraded after poor results during and after the banking crisis.

Fund summary

Sector Global
Structure UNIT TRUST
Launched
Size £739m
Yield 1.70%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.57%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The investment process is based around a quantitative filter known as SmartGARP, a daily process analysing over 100 items of company specific data for each stock, 36 macroeconomic data points and 28 separate sector weightings. The items are systematically split into seven factors the managers have identified as driving stock prices. At its core the fund looks for companies that are mispriced based on valuation and projected growth; another factor looks at quality of earnings. The process also includes earnings estimate revisions and macro-economic data to avoid stocks that are cheap for a reason. The final two factors include momentum and investor sentiment. These factors aid in market timing. The factors, equally weighted except for earnings revisions which are a double weight, are combined to give a score for over 6000 stocks. Though the process is primarily quantitative, the manager authenticates the SmartGARP data using such factors as a company’s news flow and will also take account of diversification in forming the portfolio.

The fund has a strong track record but was downgraded by Bestinvest after poor results during and after the banking crisis. The fund tends to outperform in directional markets but underperform at market turning points, and with the economic outlook still uncertain we have reservations over whether it can recapture its former glories.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Sector breakdown

Banks 15.00%
Capital Goods 14.00%
Biotechnology/Medical 11.00%
Insurance 9.00%
Materials 6.00%
Hardware 5.00%
Utilities 5.00%
Energy 4.00%
Retail 4.00%
Semi Conductors 4.00%

Portfolio

Typically holds around 150-200 stocks, weighted according to their SmartGARP. Approx. 75% of portfolio invested in 75 stocks with av. holding period of 5-6 months.

Key Investor Information

Download