Artemis strategic assets fund

slopemaster

Hargreaves Lansdowne are pushing this new fund, and i would be very grateful to have opinions on it.

I am a novice at investing, have a fair amount already in safe savings, now thinking of putting some into a S&S ISA - something a bit more risky - for about 5-10 year timescale.

thing is, choosing which fund is so difficult....
so thanks for sharing any comments or opinions

turbobob

I think I had that mailing too. Its a new launch so obviously you do not have any track record to look at. The fund can invest globally in equity, bonds, commodities, currencies and take long or short positions on any of them. This is a pretty wide remit and is going to rely heavily on the skill and judgement of the team managing it.

I would suggest carefully reading through the information at http://www.artemisonline.co.uk/strategic-assets/index.asp

For what its worth I would probably not think of it as a "core" holding but a diversifier as its unlikely to be correlated with other asset classes. In other words if you were going to invest in it, consider it as part of a portfolio, don't put all your eggs in one basket.

slopemaster

Thanks for that.
I see the point about eggs and baskets, for sure - but not quite sure if you are thinking its not too suitable as a first/only fund investment (ie put some in nmore standard fund products first?), or just saying its risky, ie put some in safer places first, which I have.

All the rest is in cash (various savings accounts) apart from a small bit of pension which is in some sort of funds with L & G (vague, sorry)
So this would be a toe in the water of more risky investments, less than 10% of the total.

That make sense?
The charges seem to be OK for this kind of tghing which is actively managed???

Reaper

slopemaster wrote: »

The charges seem to be OK for this kind of tghing which is actively managed???

I can't find the mailing now but if I remember right:
* Initial charges are refunded
* Annual charges are 1.5% with the TER working out at 1.7%.
* Annual refund on those charges of 0.1% pa

Personally I think 1.7% is excessive but it is not out of line with other actively managed funds. It means 1.7% is deducted from your growth each year so performance has to exceed that before it starts to show a profit - though you'll get a tiny bit of that back as a rebate.

turbobob

You'd have to weigh it up for yourself. Personally if I was going to invest in one fund only I'd probably look for a multi asset fund with a strong track record which has been proven in upward and downward markets. That could be something in the cautious, balanced or active managed sector (depending on how adventurous you want it). This one might yet prove itself, but as it stands its untested IMO.

The charges on that fund are reasonable compared to hedge funds, and it does have some characteristics similar to them. There is no performance fee which is good. Commonly hedge funds are charged at 2% + a 20% performance fee...

slopemaster

mmm OK, thanks for the input, I'll go and think some more

purch

I can't find the mailing now but if I remember right:

* Dampwit appears to have a huge "Man Crush" on the Fund Manager. :eek:

Lansdowne

purch wrote: »

* Dampwit appears to have a huge "Man Crush" on the Fund Manager. :eek:

Here you go...

http://www.independent.co.uk/money/spend-save/mark-dampier-my-moneys-in-safe-hands-with-william-1677503.html

slopemaster

Lansdowne wrote: »

http://www.independent.co.uk/money/spend-save/mark-dampier-my-moneys-in-safe-hands-with-william-1677503.html

oh my goodness, that article's not even a 'thinly disguised' plug
Didn't realise the Independent went in for such stuff...

StevieJ

purch wrote: »

* Dampwit appears to have a huge "Man Crush" on the Fund Manager. :eek:

From the H&G mailshot.

After an inauspicious start, when his fund lost 26% against a market which rose 18% :eek:, the fund rallied

From Sept07 to Nov08 it rose by 43% compared to the market which fell 31% :beer: when Artemis wound up the fund :eek::mad: What was that about

Who was it said it is probably not a core fund :rotfl:

Round_The_Bend

Out of interest, are there any similar funds on the market, at the moment, that do have a proven track record?