Closure of Artemis Funds (Lux) – Pan-European Absolute Return fund

Last updated 25 March 2020

The Board of Artemis Funds (Lux) has taken the decision to liquidate Artemis Funds (Lux) – Pan-European Absolute Return (the “Fund”). The effective date of the liquidation is 25 March 2020.

Notice to shareholders (PDF opens in new window)

As detailed in the notice to shareholders, given the size of the Fund (the assets under management of the Fund are EUR 15.17m as at 23 March 2020), its investment performance, and having received notice of  an expected material redemption request, an assessment has been undertaken on the ongoing viability of the Fund and its future prospects, in terms of increasing size and scale through gaining new investors.

Having considered a number of options, the Board concluded that there are no suitable options for maintaining the Fund. Therefore, in the best interests of the shareholders of the Fund and in accordance with Article 32 of the articles of incorporation of Artemis Funds (Lux) and the provisions of the prospectus, the Fund will be liquidated.