Artemis SmartGARP European Equity Fund

The manager of the Artemis SmartGARP European Equity Fund seeks capital growth over five years from company shares. He looks for companies with what he believes are attractive share prices principally from across Europe excluding the UK. However, he may invest to a lesser extent in other countries including the UK. The manager draws on SmartGARP®, Artemis’ in-house software tool that looks at companies’ finances and helps them to identify potential investment opportunities.

The value of the investments selected by the manager could, however, fall as well as rise with movements in stockmarkets or owing to diverse factors specific to individual companies. This could mean investors may not get back the amount they originally invested.

• Rigorous stock screening: SmartGARP seeks to combat ‘information overload’ by focusing the fund manager’s attention on European companies with desirable financial characteristics.
• Pan-European: the fund invests across Europe, covering a broad spread of countries and industries.
• Objective clarity: SmartGARP provides a fact-based framework for comparing the relative attractions of shares in different markets and industries across Europe. It also subjects the fund’s existing holdings to constant scrutiny. It sends a signal to the manager when a holding’s financial situation appears to be deteriorating, enabling the manager to evaluate whether or not to sell the company shares.
• Subjective insight: before investing, the manager undertakes further research to assess whether the investment case behind an investment opportunity highlighted by SmartGARP is valid.
• ESG integration: the fund integrates ESG factors; for more information, visit Integrating investment and stewardship

Please note that we have proposed that Artemis European Select Fund is merged into Artemis SmartGARP European Equity Fund. This merger is subject to the approval of unitholders. Further information can be found in this letter to unitholders (PDF opens in new window). On 11 November Philip Wolstencroft was appointed manager of the Artemis European Select Fund.