UK equities: Are investors missing profits staring them in the face?
Investors in the UK stock market can benefit from low valuations, high yields and a defensive sector mix amidst global geopolitical uncertainty. With indications of improving economic conditions and increased inflows, the UK represents a stable and attractive investment environment.
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This is a marketing communication. Before making any final investment decisions, and to understand the investment risks involved, refer to the fund prospectus, available in English, and KIID/KID, available in English and in your local language depending on local country registration, from www.artemisfunds.com or 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.
UK equities at Artemis

10 investment professionals
focused on UK equities

Owner-managed business
We believe that a partnership is a flexible and robust structure for an investment management business

Our managers invest their own money
Our managers invest in their own and their colleagues’ funds, which aligns their interests directly with those of our investors

£15.2bn
invested across 5 dedicated investment strategies

Circa 450
UK company meetings per year
25 years of the Artemis Income Fund

On 6 June, we marked the 25th anniversary of the Artemis Income Fund – a milestone reflecting long-term success.
Since launch, the fund has generated total returns of 783%*, significantly outperforming the FTSE All-Share (267%) and the IA UK Equity Income peer group (309%). It has outperformed its benchmark in 97% of rolling five-year periods since launch to 30 April 2025.
Investment manager Nick Shenton said: “The fund has created a lot of value over two and a half decades and our investment process has been proven to work in a variety of different market environments, which we believe is a rare feat.”
Andy Marsh, who co-manages the Artemis Income fund, said: “Our mantra is cashflow first, dividends second. We’re looking for companies with mispriced long-term cashflows that are creating durable value for all stakeholders. We don’t think labels such as growth or value make much sense and instead we look at what a company is fundamentally doing, the strength and durability of its cashflow, and how it compares with its peers.”
Discrete calendar year performance
Source for all information: Artemis as at 31 March 2025, unless otherwise stated.
2025 (to 30 June) | 2024 | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|---|
Artemis Income I Inc GBP | 12.1% | 15.1% | 9.8% | 0.4% | 16.2% | -6.7% |
FTSE All-Share TR | 9.1% | 9.5% | 7.9% | 0.3% | 18.3% | -9.8% |
UK Equity Income Average | 9.0% | 8.7% | 7.0% | -2.0% | 18.4% | -10.8% |
HL Meet the Manager: Nick Shenton
Our UK fund range
Artemis Income
Aims to provide investors with a steady and growing
income along with capital growth, over five years.
Artemis UK Select
A 'best ideas' fund, seeking long-term capital growth
by investing in a focused portfolio of 40 to 60 stocks.
Artemis UK Special Situations
Looking for unrecognised growth potential in companies, often those that are unloved or out-of-favour.
How can we help?

How to invest
You can invest with us, via your financial adviser or with investment platforms
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.
Any research and analysis in this communication has been obtained by Artemis for its own use. Although this communication is based on sources of information that Artemis believes to be reliable, no guarantee is given as to its accuracy or completeness.
Any forward-looking statements are based on Artemis’ current expectations and projections and are subject to change without notice.
Visit www.artemisfunds.com/glossary for an explanation of investment terms.