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Artemis European Growth

Ranked 40 out of 108 in - Europe Excluding UK over 12 months
All calculations are in GBP

Managed by

Peter Saacke

Peter Saacke attended the University of Oxford where he received a BA in Mathematics and Philosophy. He also holds an MA in Economics from Freiburg University, and to add to his impressive academic background he holds a PhD in Economics, which he obtained from Hamburg University. Peter started his career as a visiting researcher at the European University Institute in Florence. He delved into the financial world in 1999 with Merrill Lynch, where he worked as a pan European equity strategist and quantitative economist. Peter joined Artemis at the end of 2002 where he currently manages the Artemis European Growth Fund and the Artemis Global Growth Fund. He is a CFA Charterholder.

Philip Wolstencroft

Philip Wolstencroft is a cult figure at Artemis having devised the group's SMART GARP investment system, which provides specialist quantitative analysis of the market situation. Wolstencroft believes the more publicised process known as GARP provides information in a volatile or lumpy fashion. However, data run through the more rigorous process of SMART GARP offers a steadier and more profound insight into which sectors are likely to go up or down. Born in Portsmouth in May 1963, Wolstencroft gained a BA in Economics from Sheffield University and followed this with an MA from Warwick University. He started out in 1985 as an analyst on the British Rail Pension Fund before moving to WorldInvest where he was a global fixed income fund manager. In 1989 he joined Natwest Investment Management before switching to Merrill Lynch in 1991 to front the group's UK and European equity strategy division. In 2001 he moved to Artemis and is head of the firm's European investment team for which he manages the Artemis European Growth fund, which merged with the Artemis Pan European fund in February 2003.

Objective

To achieve long-term capital growth through investment principally in companies in Europe (excluding the United Kingdom). The Manager actively manages the portfolio in order to achieve the objective and will not be restricted in the choice of investments either by company size or industry, or in terms of the geographical split of the portfolio.

Performance

Europe Excluding UK over : 31/10/2013 - 31/10/2014

Total Return

Quarterly Performance

to 31/10/2014 Annual Q1 Q2 Q3 Q4
2014 -1.0% 3.8% 0.5% -5.4% 0.4%
2013 36.8% 15.6% 1.6% 7.4% 8.5%
2012 21.4% 13.0% -11.3% 8.9% 11.2%
2011 -21.0% 4.7% 2.5% -26.7% 0.4%
2010 11.4% 4.5% -14.9% 14.2% 9.6%
2009 13.3% -17.2% 8.9% 23.9% 1.4%
2008 -40.0% -11.1% -4.5% -21.3% -10.3%
2007 9.5% 3.8% 5.7% 0.3% -0.5%
2006 21.4% 15.8% -8.5% 1.4% 13.0%
2005 33.5% 4.5% 5.5% 15.0% 5.4%
2004 21.2% 2.0% 3.5% 3.4% 11.1%
2003 43.5% -0.9% 19.6% 8.3% 11.8%
2002 -10.4% 6.4% 2.5% -20.6% 3.4%
2001 -5.0% 1.3% -12.4% 7.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/09/2014

Top 10 Holdings

Stock Size
DNB ASA ORD 3.69
Daimler AG ORD 3.49
Opera Software ASA ORD 3.45
Marine Harvest ASA ORD 3.07
Skandinaviska Enskilda Banken AB ORD 2.93
Allianz SE ORD 2.83
Swiss Life Holding AG ORD 2.64
NK Lukoil OAO DR 2.64
Dialog Semiconductor PLC ORD 2.63
Yara International ASA ORD 2.47
30/09/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date07/03/2001
  • Share Class size250Mn
  • Base currencyGBP
  • ISIN GB0006600844

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment50

Charges

  • Annual management1.5%
  • Initial investment5.25

Related News

Artemis turns active with hire of LV= European team

Artemis has hired AA-rated Mark Page and Laurent Millet from LV= to build an active European equity proposition to sit alongside the firm's quant-based strategies.

Artemis unveils Global Select fund portfolio

Artemis is to soft launch the Artemis Global Select fund next month with Japanese and US stocks prominent in the portfolio but zero exposure to Russia.

Artemis plans handover of de Tusch-Lec's Capital fund after income launch

Artemis plans to hand over Capital fund to SmartGARP team after new global equity income fund is launched for de Tusch-Lec.

Investment Line: Tough times to continue for quant funds

With the dispersion of company valuations and growth rates narrowing, quants strategies such as Artemis's SmartGARP, could be in for further troubled times

Artemis says Smart-Garp revisions 'inconclusive' as funds fall

Artemis has insisted the jury remains out on mid-2008 changes to its SMART Garp system as the funds’ underperformance has continued to deepen relative to benchmark.

Fund Result: Philip Wolstencroft and Peter Saacke, Artemis European Growth fund

The Artemis European Growth fund had a torrid October and the acceleration of the credit crisis.

The fund groups winning and losing from the crunch

The Lipper UK Fund Sales Report obtained by Citywire reveals absolute return funds are the clear winners in terms of sales volumes from this crisis.

Skandia launches Core Fund Range

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The Daily Interview: Wolstencroft estimates annual equity returns of 7.5%

Artemis European Growth manager Philip Wolstencroft says the outlook for European equities is becoming increasingly attractive and estimates the sector will produce annual returns of around 7.5% over the next few years.

Artemis ups fund holdings as Smart-Garp struggles

Artemis has made changes to the portfolios, including those run by Peter Saacke, it runs using its famed Smart-Garp system as it has struggled to tame the credit crunch.

...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).