21 Feb 2020
The Artemis Pan-European Absolute Return Fund is an equity ‘long/short’ fund. It aims to deliver a positive return over rolling three-year periods, irrespective of changing market conditions.
To achieve this, it combines a traditional portfolio of ‘long’ European stocks (where the manager expects a company’s share price to rise) with a portfolio of ‘short’ positions (where he aims to make money from an anticipated fall in a share’s price), allowing manager Paul Casson to use his stock-picking skills to profit from falling, as well as rising, share prices. (A short position is the sale of an asset which the fund does not physically own with the aim of buying it later to secure a profit. The fund uses derivatives to achieve a short position synthetically).