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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

Founded in 1997

10 investment professionals

focused on UK equities

An owner-managed business

Owner-managed business

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

Our fund managers invest their own money

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

We manage over £26 bn of clients' money

£15.2bn

invested across 5 dedicated investment strategies

Over 220 colleagues

Circa 450

UK company meetings per year

Artemis as at 31 May 2025

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.”

Source: Lipper Limited from 6 June 2000 (when Artemis took over management of the fund) to 30 April 2025, I Inc GBP. Data prior to 7 March 2008 reflects class R distribution GBP. All figures show total returns with dividends and/or income reinvested, net of all charges.

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% 
Source: Lipper Limited, mid to mid in sterling to the date shown. All figures show total returns with dividends reinvested. Past performance is not a guide to the future. Performance does not take account of any costs incurred when investors buy or sell the fund. Returns may vary as a result of currency fluctuations if the investor's currency is different to that of the class. This class may have charges or a hedging approach different from those in the IA sector benchmark. 

HL Meet the Manager: Nick Shenton


Our UK fund range

Artemis Income Fund

Artemis Income

Aims to provide investors with a steady and growing
income
along with capital growth, over five years.

Artemis UK Select Fund

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 Smaller Companies Fund

Artemis UK Smaller Companies

Aims to exploit the superior growth potential of smaller companies.

Artemis UK Special Situations Fund

Artemis UK Special Situations

Looking for unrecognised growth potential in companies, often those that are unloved or out-of-favour.

Artemis SmartGARP UK Equity Fund

Artemis SmartGARP UK Equity

A concentrated ‘best ideas’ portfolio of c50-80 stocks.

How can we help?

How to invest

You can invest with us, via your financial adviser or with investment platforms

Your options for investing in Artemis funds

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.