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John Dodd: 5 money-makers for my investors

John Dodd, joint fund manager of the Artemis Alpha investment trust, discusses five aspects of its portfolio he believes will pay off.

John Dodd: 5 money-makers for my investors

The Artemis Alpha investment trust has a reputation as a 'best ideas' fund for the investment team at Artemis Investment Management.

The fund is also in our Citywire Selection list of fund recommendations.

However, the fund has suffered a few years of comparatively poor performance to leave ranked half-way down the UK Growth league of investment trusts, although its five-year return of 46.4% is perfectly respectable and ranks it fifth out of 16 funds.

In this video interview joint fund manager John Dodd talks about some of the themes and stocks he thinks will do well for the trust's shareholders. They are:

  • Oil exploration companies
  • Online retailing and the Hut Group
  • Reaction Engines, maker of the Skylon rocket
  • Agriculture in the Ukraine
  • Palm oil plantations in South East Asia.

He also explains why nearly a third of the fund is held in unquoted companies, not listed on a stock exchange.

Citywire Selection Verdict: John Dodd and Adrian Paterson invest around a quarter of the trust in unquoted companies including energy companies which have seen recent false dawns in coming to market. Share price performance has been lacklustre over the past two years and the trust still trades at a discount having swung from a premium in the second half of 2011. Moreover, the strategy of investing in off-benchmark companies can result in performance patterns wildly different from the market. This trust is therefore riskier than our other sector picks but has a long-term track record of outperformance.

2 comments so far. Why not have your say?


Feb 27, 2013 at 22:48

Good ideas are only good if they work.

I want a bit more evidence that the good ideas are working before I invest, thanks.

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John Osborne

Mar 02, 2013 at 11:10

Artemis as a group does seem to have lost its sparkle in recent years.

It started when they adopted their sloppy dress routine and gave us those annoying strange profit hunter adverts which were firing blanks judging by the performance of a lot of their funds.

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