Artemis strategic assets fund

turbobob

Round_The_Bend wrote: »

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

L&G Diversified Absolute Return has some similarities I think. Doesn't really have much track history either but maybe enough to show that its not correlated with equity markets in general. The fund has gone down about 2% over the last 3 months whereas the MSCI World index (in GBP) is up roughly 8% over the same period. The Artemis one has not positioned itself as an absolute return fund. There might be others I don't know about.

Maybe listed hedge funds like BlueCrest Allblue or BH Macro but there are a lot of differences between these and the unit trust funds discussed above.

Jake'sGran

slopemaster wrote: »

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

I received their letter too but have thrown it away. I have two years cash ISA
earning a very poor rate with a Bldg Soc and have decided to put it into an equity ISA with Hargreaves Lansdown. After doing some research I like the look of First State Asia Pacific and Blackrock Absolute Alpha. It's all so difficult trying to get it right.

StevieJ

Jake'sGran wrote: »

I received their letter too but have thrown it away. I have two years cash ISA
earning a very poor rate with a Bldg Soc and have decided to put it into an equity ISA with Hargreaves Lansdown. After doing some research I like the look of First State Asia Pacific and Blackrock Absolute Alpha. It's all so difficult trying to get it right.

I like First State for Asia, they are Aussie so at least they are closer to the action.

wombat42_2

turbobob wrote: »

L&G Diversified Absolute Return has some similarities I think. Doesn't really have much track history either but maybe enough to show that its not correlated with equity markets in general. The fund has gone down about 2% over the last 3 months whereas the MSCI World index (in GBP) is up roughly 8% over the same period. The Artemis one has not positioned itself as an absolute return fund. There might be others I don't know about.

Maybe listed hedge funds like BlueCrest Allblue or BH Macro but there are a lot of differences between these and the unit trust funds discussed above.

I am keeping an eye on L&G Diversified Absolute Return . I have researched it and it is about 90% cash and 10% short or long currency, equity index, commodity index or bonds. Since it has been available (about 5 months) it has gained over 5% and has ticked up quite nicely with little volatility. I like this fund as for example Blackrock Absolute Alpha freaks out if there is high volatility in the equities while the L&G fund isnt specifically correlated with anything. For me, it would just be somewhere to park my money as part of a share ISA that should do at least as well as cash.

chookiembra

William Littlewood hasn't run a retail fund for almost 10 years - which is a very long time in this game.

Just look at Denis Clough who was a brilliant manager of Schroder Tokyo for many years. He took a sabbatical of just 6 months, came back to run their mediocre European fund, and left fund management altogether after only 2 years in the new post.

And Bill Mott was away from front line fund management at Credit Suisse for only a couple of years - but hasn't exactly set the heather on fire with his new fund at PSigma.

Reaper

I am actually fairly interested in this fund but I'm in no hurry. I'd like to see some track record first.

Fund launches are normally presented as if there is some time limited advantage in getting in there at the start. There isn't. Nobody should feel rushed into signing up.

wombat42_2

It is curious that the Artemis and L&G funds mentioned are both unit trusts when almost always new funds over the last few years have been OIECS. It does mean that if you buy the Artemis and L&G funds you will get mysterious charges of up to 1% deducted from your investment.

Jake'sGran

I had a look the other night at Hargreaves Lansdown and they do refund ALL of the initial fee in extra units and also give a small amount of the annual commission back for both of the OIECS I am interested in. I like Trustnet for checking historical data about funds.

cleverinvestor

Ive invested into Artemis Strategic Asset fund with H-L. Ive invested a lump sum into my SIPP and a monthly drip into my ISA. However,do not get suckered into the promotion of this one. H-L pushed it as did many of the larger papers and investment sites. Do your own research and remember to see this as a 3-5 year hold.

Im my view now is the time to buy, most things are undervalued and could potentially see large returns in a few years.

cleverinvestor

Reaper wrote: »

I am actually fairly interested in this fund but I'm in no hurry. I'd like to see some track record first.

Fund launches are normally presented as if there is some time limited advantage in getting in there at the start. There isn't. Nobody should feel rushed into signing up.

There was an advantage with H-L.co.uk, no management fee/reduced management fee. If you invest lots in one go this could be a fair few quid you save.