Artemis launches global value SICAV
Our press enquiries team
Artemis has launched Artemis Funds (Lux) – Global Value today (24 March 2026). It is managed by Citywire AAA-rated1 fund managers Jacob de Tusch-Lec and James Davidson, supported by analyst Yin Loke and investment director Josh Passmore.
The fund invests in the shares of companies exhibiting classic ‘value’ characteristics, such as strong free cashflow yields and low valuation multiples relative to the wider equity market.
Jacob de Tusch-Lec, fund manager, commented: “We expect Artemis Global Value to appeal to investors looking for a diversified global equity portfolio with a high active share2 and a clear value bias. We are witnessing in real time how the geopolitical environment is changing, ‘Pax Americana’ is being challenged and inflation expectations and rates are moving higher. Against that backdrop, we believe investors are looking for diversification away from the US-facing growth portfolios that have performed so well in recent years. A truly global value fund can provide that and, in our view, is well placed to benefit from some of the changes in the wider economic and political regime.”
Josh Passmore, investment director, said: “Artemis Global Value will be run by the same team, using the same investment approach, as the UK-domiciled Artemis Global Income strategy, which Jacob de Tusch-Lec has managed since launch 15 years ago. The strategy has performed strongly and demonstrated a clear value bias, with an average discount of almost 25% to the broader market since inception in 2010 and a discount of almost 40% over the past five years3. It has an active share above 90%4 and its portfolio is substantially different to peer funds5.”
The $7.7bn6 Global Income strategy has delivered 3 percentage points of annualised alpha since inception and 10 percentage points of annualised alpha over the past five years7. It has returned 666.5% since inception in US dollar terms, versus 405.4% for the MSCI All Country World Index8. (Global Income is a UK-domiciled strategy with a sterling share class, but performance is shown here in dollars to be relevant for international investors.)
The Ongoing Charges Figure (OCF) for the Artemis Funds (Lux) – Global Value institutional (I) share class is 0.91%. The fund’s base currency is US dollars and share classes are available in sterling, euros and dollars.
Notes and references
1 Source: Citywire as at 18 March 2026
2 The launch portfolio for Artemis Funds (Lux) – Global Value mirrors the Artemis Global Income strategy, which has an active share above 90% (source: Artemis as at 28 February 2026). Active share measures the percentage of a portfolio’s holdings that differ from its benchmark.
3 The Global Income strategy’s portfolio has traded at a valuation discount, as measured by comparing its average price-to-earnings (P/E) ratio to that of the MSCI All Country World Index, of 23.5% since inception and 37.6% over the past five years (source: Artemis, data from 23 July 2010 to 13 March 2026).
4 Source: Artemis as at 28 February 2026
5 Source: Artemis, Copley Fund Research as at 28 February 2026. Copley’s peer group combines c.350 of the largest active global equity funds by assets under management.
6 Source: Artemis as at 28 February 2026
7 Source: Artemis, Lipper Limited for class I income GBP to 28 February 2026. Alpha refers to returns in excess of the benchmark, in this case the MSCI All Country World Index.
Performance of the Artemis Global Income strategy
| One year | Three years | Five years | 10 years | Since inception | |
| Artemis Global Income | 59.0% | 132.3% | 183.6% | 317.0% | 767.2% |
| MSCI All Country World Index NR GBP | 16.3% | 58.5% | 81.0% | 251.0% | 471.8% |
| IA Global Equity Income sector average | 15.2% | 41.7% | 72.2% | 176.3% | 339.2% |
| Position in sector | 1/43 | 1/39 | 1/36 | 1/24 | 1/11 |
Past performance is not a guide to the future. Source: Lipper Limited/Artemis for class I income GBP to 28 February 2026. All figures show total returns with dividends and/or income reinvested, net of all charges. Performance does not take account of any costs incurred when investors buy or sell the strategy. Returns may vary as a result of currency fluctuations if the investor's currency is different to that of the class. Classes may have charges or a hedging approach different from those in the IA sector benchmark.
Artemis strategy performance is shown using a UK-domiciled strategy with a similar investment process. It is being shown to illustrate the track record of the fund management team and should not be seen as a promotion of the UK-domiciled strategy, which is not registered for sale in the EU.
The strategy uses the MSCI All Country World Index NR GBP as a ‘comparator benchmark’ against which its performance can be compared. Management of the strategy is not restricted by this benchmark.
The IA Global Equity Income sector is a group of other asset managers’ funds that invest in similar asset types as this strategy, collated by the Investment Association. It acts as a ‘comparator benchmark’ against which the strategy’s performance can be compared. Management of the strategy is not restricted by this benchmark.
Discrete calendar-year performance, 2015-2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| Artemis Global Income | 45.2% | 26.8% | 9.7% | -2.5% | 26.5% | 0.4% | 16.2% | -12.5% | 11.6% | 22.5% |
| MSCI All Country World Index NR GBP | 13.9% | 19.6% | 15.3% | -8.1% | 19.6% | 12.7% | 21.7% | -3.8% | 13.2% | 28.7% |
| IA Global Equity Income sector average | 12.5% | 11.2% | 9.9% | -1.4% | 19.2% | 3.9% | 19.3% | -5.8% | 10.5% | 25.0% |
Past performance is not a guide to the future. Source: Lipper Limited/Artemis for class I income GBP to 31 December 2025. All figures show total returns with dividends and/or income reinvested, net of all charges. Performance does not take account of any costs incurred when investors buy or sell the strategy. Returns may vary as a result of currency fluctuations if the investor's currency is different to that of the class. Classes may have charges or a hedging approach different from those in the IA sector benchmark.
8 Source: Artemis, Lipper Limited for class I income GBP to 28 February 2026. Returns since inception for the sterling share class are shown here in dollars so as to be relevant for international investors.
This is a marketing communication. Before making any final investment decisions, and to understand the investment risks involved, refer to the fund prospectus and KIID/KID, available in English and in your local language (depending on local country registration), from the relevant fund page or literature section on www.artemisfunds.com. The documents can also be found on www.fundinfo.com.
CAPITAL AT RISK. All financial investments involve taking risk and the value of your investment may go down as well as up. This means your investment is not guaranteed and you may not get back as much as you put in. Any income from the investment is also likely to vary and cannot be guaranteed.
Third-party endorsements are not a recommendation to buy. For sources, dates and other information, visit www.artemisfunds.com/endorsements.
Risks specific to Artemis Funds (Lux) – Global Value
- Market volatility risk The value of the fund and any income from it can fall or rise because of movements in stockmarkets, currencies and interest rates, each of which can move irrationally and be affected unpredictably by diverse factors, including political and economic events.
- Currency risk The fund’s assets may be priced in currencies other than the fund base currency. Changes in currency exchange rates can therefore affect the fund's value.
- Charges from capital risk Where charges are taken wholly or partly out of a fund's capital, distributable income may be increased at the expense of capital, which may constrain or erode capital growth.
- Emerging markets risk Compared to more established economies, investments in emerging markets may be subject to greater volatility due to differences in generally accepted accounting principles, less governed standards or from economic or political instability. Under certain market conditions assets may be difficult to sell.
- China risk The fund can invest in China A-shares (shares traded on Chinese stock exchanges in Renminbi). There is a risk that the fund may suffer difficulties or delays in enforcing its rights in these shares, including title and assurance of ownership.
