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Littlewood fund makes Wealth 150

Hargreaves Lansdown has added Artemiss new Strategic Assets fund, managed by William Littlewood, to its Wealth 150 list of preferred funds.

Stuart Goodwin, an analyst at Hargreaves, said in a statement that the fund was selected because of its multi-asset strategy. In buying this fund you not only have a truly gifted fund manager choosing the stocks, but also the asset classes which he believes will offer the highest possible returns, he said.

This is Artemiss first fund launch in four years and we believe it is perfectly suited to todays markets.

The fund will make full use of Ucits III powers and can go long and short in equities, bonds and commodities. It can invest in currencies and hold up to 50% in cash.

Hargreaves cautions that the funds strategy of moving aggressively between asset classes means it is high-risk. If [Littlewood] gets it right the fund has the potential to rise, even in a falling market. If he gets it wrong the fund will fall in value whatever the market is doing.

The fund aims to generate long-term positive returns while outperforming cash and shares over three-year periods.

Its launch earlier this month marked Littlewoods return to retail fund management after a 10-year break, spent first taking time out from the industry and then running a hedge fund for Artemis, which was wound up last year.

It sits in the Active Managed sector and has no performance fee, with the total expense ratio (TER) estimated at 1.7%.

Related Articles:
Artemis confirms details of Littlewood fund

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