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ii Super 60 - Artemis Global Income

ii Super 60 investments

ii Super 60 investments:
Artemis Global Income

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under review This Super 60 fund is currently under formal review. Find out more

Asset Group Asset Sub-Group Investment Category
Equities Global equity income Adventurous

Selection rationale:
Artemis Global Income’s value style has been out of favour in recent years, but it remains a good complement to UK income holdings given that is has little exposure to the UK (less than 5% at the end of March 2020). This means that, for income investors seeking diversification, it will not replicate existing UK equity income stocks. It yields 3.3% and pays income half-yearly.

The fund’s assets under management stand at £1.6 billion, while maintaining a bias towards small and medium-sized companies and an erratic performance profile versus peers and the MSCI World High Dividend Yield index. However, its distinctiveness remains a key selling point.  While most equity income funds heavily rely on bottom-up stockpicking, macro analysis also plays an important role at this fund.

Jacob de Tusch-Lec, its manager since inception, firstly considers Artemis’s views on the world economy and the outlook for various countries and regions. His macro views have favoured value stocks, cyclical sectors and emerging markets in recent years. He further differentiates the fund by looking outside the traditional universe of dividend stocks, which leads him away from large company names and further down the market-capitalisation ladder.

April 2020

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Under formal review Under Formal Review

The Artemis Global Income fund is included in the ii Super 60 list of rated funds as an Adventurous option within the Global Equity Income category.

In line with our stated methodology, the investment selection committee decided to put Artemis Global Income under formal review on 8th June 2020 following an extended period of unsatisfactory performance. Our in-depth review process will consider the various factors that contributed to the disappointing results, and will include a review of the team and the fund manager investment process.

(8 June 2020)

Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.