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ii Super 60 - Artemis US Smaller Companies

ii Super 60 investments

ii Super 60 investments:
Artemis US Smaller Companies

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Asset Group Asset Sub-Group Investment Category
Equities US equities Smaller Company

Selection rationale:
Cormac Weldon, an old hand with a good long-term track record of delivering performance throughout different market cycles, has run Artemis US Smaller Companies since its inception in 2014.

Weldon invests in small companies of up to $10 billion in size, typically selecting 40 to 60 stocks from an investment universe of more than 2,000. He aims to give investors exposure to the best of America’s innovative, entrepreneurial, fast-growing and under-researched small companies. He starts by looking at the US economy to identify areas of the market that are benefiting from thematic trends, as well as those where conditions may not be favourable.

Once a stock has been identified as worthy of closer inspection, in-depth, bottom-up analysis and financial modelling are used to develop and test the investment case. While collective research efforts support the fund, its final composition rests with Weldon. Three favoured sectors at present are industrials, consumer goods and financials.

Considering the fund’s small cap bias and single region of investment, this strategy could well fit the need of both balanced and more adventurous investors with longer-term investment horizon. Due to its unconstrained and concentrated nature, the fund’s return profile could be more volatile than the market, which makes it higher-risk option. Therefore, this strategy could be best utilised as a satellite holding within a well-diversified portfolio.

September 2020

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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.