Secondly, and again from 1 February 2019, Artemis is going to replace its funds’ variable costs with an administration fee model.
Commenting, Artemis’ Head of distribution, Jasper Berens, said:
“Both these changes will make our charges simpler, clearer and easier to compare with others’. These changes also accord with developing market practice. We look forward to implementing them as we continue to grow the business by focusing on our clients’ needs.
“Meanwhile, we note that 77% of our current fund range (30 funds) have outperformed their benchmarks since inception (to 31 October 2018)*. 22 of our funds are in an IA peer group. Of these, 91% have outperformed the peer group average since inception, with 82% in the top quartile.”*