Artemis Euro Growth

StevieJ

I bought Artemis Euro last week on the dip in the market, I am now down 6%, the other Euro funds are down a lot less, Any ideas?

Mortgage_&_debt_free

That's the market for you - it doesn't go up (or down) in a straight line. The funds that invest in a sector will perform differently depending on which shares/assets they are invested in, but generally the trend will be similar.

Geoffo_M

Best not to watch the performance of your funds at the moment. All funds are suffering to some degree. Come back and look at it in 6 months or more. If you are really worried on a day to day basis, your money should be in a 6% savings account.

Sillychuckie

Im down 7.5% on River & Mercantile UK Equity Smaller
6.6% on New Star European Growth
6.5% on SG Japan Core Alpha Fund

But the one im most annoyed about, as I went in a little heavier as a 'defensive' position:
3.9% on Artemis High Income Fund

Still... you allocate your portfolio and spread it around, so overall, since investing (some lump, some drip feed) since april (4 months ago)... in retrospect, a not so brilliant time to have invested...
I'm down 2.5% on the cost of portfolio.

Unfortunately, I promised myself not to go above the 4k ISA allowance (which I already have earmarked with my regular deposits). So, I can't buy more units whilst everything is down... As the last post said though, your better off not checking the portfolio too often.
Look again in 6 months time when you check to rebalance.

dunstonh

But the one im most annoyed about, as I went in a little heavier as a 'defensive' position:
3.9% on Artemis High Income Fund

Has it had enough time to benefit from distributions yet?

Also, 3.9% down is better than 6.5% down. That is why you have defensive funds. Not that they cannot go down necessarily but that they dont go down as much.

Sillychuckie

No Dunstonh.
This was one that I lumped a sum of money in, and didnt drip feed.
(my fault, I know).
Since it was bond based, I expected it to behave more like a fixed interest account. I didn't think it could drop like that and obviously didn't understand the product fully.
(also my fault, I know).

and relatively speaking, the drop, compared to others, isn't so bad. It was just unexpected.

I'm not really complaining, I have no grounds to.
I'll stick it out and count the £60 I am down by as a good value-for-money lesson. Hopefully it will recover. In fact, I got a £20 divi out of this fund earlier, so it isn't even as bad as it looks.

dunstonh

Its a higher risk bond fund hence the level of movement. I wouldnt be concerned though. It's a good fund and in the long run does have double digit potential with relatively low volatility.

shokadelika

Mortgage_&_debt_free wrote: »

That's the market for you - it doesn't go up (or down) in a straight line. The funds that invest in a sector will perform differently depending on which shares/assets they are invested in, but generally the trend will be similar.

I agree they are ALL going down :rotfl: