ARTEMIS US SELECT (BMMV510)
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