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Artemis to soft launch emerging market equity fund

Artemis to soft launch emerging market equity fund

Artemis will expand its SmartGARP range next month with a global emerging markets fund that launched initially just for a small group of seed investors.

The Artemis Global Emerging Markets fund will be launched on April 9, subject to regulatory approval.

It will be managed by Peter Saacke, lead manager of Artemis’ Global Growth and Capital funds, and Raheel Atlaf.

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A spokesperson from Artemis said the firm’s “intention is not to market the fund actively until at least 2016” and that the fund would have a “soft-launch” for a “small number of founding investors”.

“We envisage an incubation period of between 12 and 24 months, subject to the performance of the fund and to investors’ demand,” the spokesperson said.

SmartGARP is Artemis’ quantitative analysis tool, which looks to find growth stocks at a reasonable price factoring in such things as momentum, market sentiment and the macro economic backdrop.

The holdings will be based on the emerging market holdings in Mr Saacke’s £312m Global Growth fund.

As well as the Global Growth and Capital funds, the SmartGARP range also includes Philip Wolstencroft’s Artemis European Growth fund.

The Global Growth fund has performed strongly and is in the top quartile of the IA Global sector since launch.

It has returned 219.9 per cent since inception, compared to the sector average, which has returned 154.6 per cent in the same period, according to the funds’ February factsheet.