Artemis strategic assets fund

cleverinvestor

slopemaster wrote: »

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???

Take a look at the H-L Multi Manager Income and Growth Fund, its like a fund of funds.

Hatone

I'm currently looking into this fund. However, the price difference between buy and sell is a quite a spread - currently buy 49.86, sell 47.10. This means the fund would have to rise roughly 5% before you see a profit. Not exactly a tight spread. I don't have a crystal ball, but I'm trying to envisage how the fund might look in a 3 years time.

StevieJ

Hatone wrote: »

I'm currently looking into this fund. However, the price difference between buy and sell is a quite a spread - currently buy 49.86, sell 47.10. This means the fund would have to rise roughly 5% before you see a profit. Not exactly a tight spread. I don't have a crystal ball, but I'm trying to envisage how the fund might look in a 3 years time.

I thought the initial fee was removed if tou bought through H&L?

Hatone

Yes there is no initial charge. I buy through HL anyway.

I'm referring to the spread, the difference between the buy and sell price.
http://www.h-l.co.uk/funds/security_details/sedol/B3VDDQ5

Another thing to take into account is the 1.70% annual management charge, so you'd have to hope you make a profit of at least 8%, otherwise the fund won't look so profitable.

Round_The_Bend

Hatone wrote: »

I'm currently looking into this fund. However, the price difference between buy and sell is a quite a spread - currently buy 49.86, sell 47.10. This means the fund would have to rise roughly 5% before you see a profit. Not exactly a tight spread. I don't have a crystal ball, but I'm trying to envisage how the fund might look in a 3 years time.

I think that the rates posted on Hargreaves Lansdown may be incorrect. On Intercative Investor, it's showing as 47.14-47.88. If you check again on Monday on H-L, you'll probably find that it reverts to the correct spread.

turbobob

Round_The_Bend wrote: »

I think that the rates posted on Hargreaves Lansdown may be incorrect. On Intercative Investor, it's showing as 47.14-47.88. If you check again on Monday on H-L, you'll probably find that it reverts to the correct spread.

Those are the prices for I class units. R class is 47.10 Bid 49.86 Offer.

Through H-L you will buy at the bid price as there is no initial charge.

Incidentally, I bought units in another fund through H-L and chose the institutional class, as it had a lower AMC (0.75% as opposed to 1.25 on the retail class). It went through OK. I guess I just don't get the "annual saving" they show on the R class units.

bendix

I'm in it . . or rather I've just signed up to drop a couple of hundred into it (around 10% of my monthly commitment). I like the look of it, and the diversity it is seeking to provide. The fund manager is sensibly heavy in cash at the moment as he seeks the assets, but where else are you going to get such direct exposre to currencies, shares, cash, and even holdings in gold and platinum in one fund?

Hatone

I have to agree, the flexibility of the fund certainly looks attractive.

But unlike some direct and narrow investments, the performance of this fund is entirely dependent on the fund manager's stock picking skills, especially if he decides to long or short sell a stock. This kind of fund doesn't concentrate in one area, but uses different strategical approaches to take advantage of market swings - that IMO is extremely difficult regardless of the fund manager's experience.

It's a bit like absolute returns funds - and judging by what I've read, absolute returns funds haven't done too well...

turbobob

Hatone wrote: »

It's a bit like absolute returns funds - and judging by what I've read, absolute returns funds haven't done too well...

Depends what you compare them against, and what you expect from them. Blackrocks' UK Absolute Alpha fund has done badly (by their own standards) over the last year. It's 1 year return as at Fridays prices was -0.5%. Over the same period though, the L&G UK Index (Retail Acc) returned -20.5%. A 20% difference is pretty big. The difference in 3 year returns is even wider in the Blackrock funds favour, -16.48% for the L&G fund and +26.99% for the Blackrock fund. Of course, it won't match the tracker in a bull market, and 3 month return for the L&G fund is 10.84% against 5.74% for the Blackrock fund.

Recently the IMA revised the definition for the absolute return sector to state that funds should make a positive return over a rolling 1 year period. By that measure, the ones that have succeeded in the last 12 months are (1 year returns in brackets)

Octopus CF Octopus Partner Absolute Return (42.8%)
Threadneedle Absolute Return Bond (13.7%)
GLG Total Return Bond (9.9%)
Baring Absolute Return Global Bond (9.4%)
Threadneedle Target Return (4.6%)
Stan Life Inv Global Absolute Return Strategies (2.4%)
Insight Absolute Insight (1.9%)
CF Absolute Return Cautious Multi Asset (1.5%)

And the "dogs" ...

Skandia IM Alternative Investments GBP (-9.3%)
EFA Absolute Return Portfolio (-10.9%)
UBS Absolute Return Bond (-18.7%) (NB this is in the Global Bond sector)

Worth noting the "absolute return" sector covers a range of approaches and they are therefore difficult to compare against each other.

darren72

I'm looking to invest into this, and wondered what peoples opinions are of it now that it has been running for a short time ?

Thanks