Last updated 20th May 2020
At Artemis, we regularly review the funds across our range to ensure we are offering appropriate products to our investors. Given the size of the Fund (approximately £7 million, as at 31 March 2020), its investment performance and having received continued redemptions from the Fund, we undertook an assessment of 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, we concluded that there were no suitable options for maintaining the Fund and closing the Fund was therefore in the best interests of investors. The effective date of the closure was 20th May 2020.