Update to investment policy of Artemis Funds (Lux) - US Absolute Return

Last updated 30 April 2021

We recently undertook a review of the investment objectives and policies of our UK-domiciled investment fund range. This review considered whether the investment objectives and policies of investment funds could be made clearer – for example, by improving their layout, removing any jargon and clarifying important points.

Certain changes were made to "Artemis US Absolute Return Fund", a sub-fund of Artemis Investment Funds ICVC, which follows the same investment strategy as Artemis Funds (Lux) – US Absolute Return (the “fund”). Consequently clarifications will be brought to the investment policy of the fund to align Artemis' fund range. The changes are also intended to provide further clarity on the fund’s investment policy so that shareholders can more easily understand how the fund is managed. This includes improving the description of how the fund uses derivatives, on both individual companies and equity indices, and clarifying the maximum gross exposure to companies that the fund may have.

While there have been some changes to wording as a result, we will not be making any changes to the way in which the fund is managed. You can see the new format of the investment objective and policy of the fund in the letter to shareholders below.

The clarifications are effective from 5 May 2021. Investors do not have to take any action as a result.

Related documents

Letter to shareholders (PDF, opens in a new window)