View more on these topics

Product Matters

Artemis global growth is not a new fund. It waspreviously known as the ABN Amro global growth fund, when it had an appalling track record. However, the fund today looks remarkably different from a little over a year ago. It was taken over by Peter Saacke in December 2003 and has been through various changes.

Those who know the Artemis stable well will know Saacke through the European growth fund, where he is assistant fund manager and has helped develop a proprietary tool called SmartGarp, the cornerstone of its process. The global growth fund is run along the same lines as the process works for global companies as well as European companies.

When Saacke took over the fund, he lowered the number of holdings from 90 to around 50 stocks. He also came across some hurdles as the fund was not allowed to trade in specific countries such as Korea, Taiwan and India, when the SmartGarp process was throwing up some great stock ideas. These restrictions have now been removed.

Performance has turned around since Saacke took control. I am impressed with the changes and it is one of few global funds which I truly believe has excellent growth potential.

Meera Patel is senior analyst at Hargreaves Lansdown

Recommended

Intelliflo completes MBO from Millfield

Millfield has agreed a management buyout of Intelliflo for £250,000 following the merger with Inter-Alliance which previously owned the technology company. Millfield says the MBO, led by Intelliflo chief executive Nick Eatock, will save it £375,000 a year. Millfield Group and Inter-Alliance merged in October to form one of the biggest UK IFAs with around […]

Cofunds crashed Christmas

IFAs are demanding compensation from Cofunds after it bombarded computer systems with thousands of copies of a Christmas greeting, crashing networks and halting business. Hundreds of IFA firms were faced with an unstoppable barrage of emails from Cofunds as the same Christmas tidings were sent over and over again. Some firms received as many as […]

Rumours end as BM make Bolton MD

Mortgage heavyweight Michael Bolton has been promoted to managing director of BM Solutions after months of speculation over his possible departure. Bolton is understood to have been approached by several big lenders but has confirmed he will be staying with BMS in the new role. The former head of mortgages at the specialist lender will […]

Money Portal back on acquisition trail

The Money Portal is planning to make four multi-million-pound acquisitions to set the pace in the investment intermediary marketplace. The investment firm run by Richard Craven is looking to get off to a flying start this year after a difficult 2004 and focus on bolting together more financial services businesses. After buying Bates Investment Services, […]

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com