ARTEMIS US SE­LECT (BMMV510)

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Man­aged by Cor­mac Wel­don since its Septem­ber 2014 launch, Artemis US Se­lect (BMMV510) has an ob­jec­tive of gen­er­at­ing long-term cap­i­tal growth from a book of eq­ui­ties traded across the pond. It has out­per­formed the IA North Amer­ica sec­tor on a cu­mu­la­tive one and three year ba­sis.

With lead man­ager Wel­don as­sisted by Stephen Moore and Wil­liam War­ren, the fund seeks to out­per­form the S&P 500 In­dex through in­vest­ments in large caps with an em­pha­sis on growth. Top down as­sess­ments are com­bined with bot­tom up anal­y­sis (numer­ous com­pany meet­ings plus fun­da­men­tal anal­y­sis) to ar­rive at a con­cen­trated port­fo­lio of 40 to 60 best ideas. As of 31 Au­gust, the top 10 hold­ings in­clude high-qual­ity tech ti­tans Mi­crosoft, Al­pha­bet (Google’s par­ent com­pany) and Ap­ple; as well as branded ap­parel re­tailer Burling­ton Stores.

In the opin­ion of AJ Bell, Artemis US Se­lect ben­e­fits from an ex­tremely ex­pe­ri­enced team head, hav­ing been in­volved in analysing US eq­ui­ties for over two decades.

It adds: ‘The strong ap­pli­ca­tion of this con­vic­tion-driven in­vest­ment ap­proach is an­other pos­i­tive fea­ture. Ad­di­tion­ally, the re­source be­hind the strat­egy is highly re­garded ow­ing to the core of this team suc­cess­fully run­ning sim­i­lar man­dates at an­other in­vest­ment house be­fore join­ing Artemis.’ (JC)

Ap­ple is one of the key hold­ings in Artemis’ fund

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