Artemis European Select Fund to Merge with SmartGARP European Equity Fund

In a significant move, investors have given their unanimous approval for the £45 million Artemis European Select fund to merge with the Artemis SmartGARP European Equity fund.

Formation of a More Robust Fund

This merger will create a combined fund that oversees assets exceeding £330 million, with management led by Philip Wolstencroft, the visionary behind the ‘SmartGARP’ systematic investment process. Wolstencroft has been at the helm of the fund since its inception in March 2001.

Outstanding Performance

According to data from FE Fundinfo, the SmartGARP strategy has distinguished itself as a top quartile performer within the IA Europe ex-UK sector over various time frames, including one, three, and five years. This impressive track record highlights the fund’s consistent ability to deliver strong results.

Wolstencroft’s Positive Outlook

Wolstencroft shared insights into the fund’s strategy, stating, “In our fund, we focus on stocks that historically yield over 4%, and we have seen an average earnings and cash flow growth rate of approximately 7% per annum over the last decade.”

He further emphasized, “Given that the return from any asset is derived from its yield combined with its growth rate, I’m optimistic about the fund’s future performance.”