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Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
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Contact details

Cassini House, 57 St James's Street, London, SW1A 1LD
0800 092 2051 (Dealing)
020 7399 6497 (Fax Number)
0800 0922090 (IFA Support)
0800 092 2051 (Main Number)

Fund managers

* Philip Wolstencroft07-Mar-2001 to Present
* Peter Saacke»01-Dec-2002 to Present

Investment objectives

The fund aims to provide long-term capital growth through investment principally in companies in Europe (excluding the UK).

Key Information

Fund vs sector

  1y 3y
Position 31 / 101 11 / 94
Quartile 2 1

Fund ratings

BronzeMstar OBSR
FE Crown Rating: 3 FE Crown Rating


  1y 3y
Volatility 12.45 18.02
Alpha 2.83 -0.13
Beta 1.12 1.20
Sharpe 0.72 0.66
Info Ratio 1.01 0.45
R2 0.92 0.97
Quartiles:   1  2  3  4   help with ratios
vs. Europe Excluding UK»
performance chart
ACC +5.7+66.1+51.0+42.9+9.9-11.3+2.5
  EUROPE EXCLUDING UK   +5.7+56.4+42.6+28.2+15.4-9.4+0.7
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf ARTEMIS EUROPEAN GROWTH I ACC 253.98 (p) 257.42 (p) 19-Sep-2014 3.88 0.88% BUH3 B2PLJD7
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf ARTEMIS EUROPEAN GROWTH R ACC 241.94 (p) 255.53 (p) 19-Sep-2014 3.20 1.63% AX41 0660084

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£285.4m / $465.4m (29-Aug-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch07-Mar-2001
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 1,000
Minimum additional£ 1,000
Initial charge5.25%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Dividend policyApr 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Europe Ex UK Equity Mixed Europe Excluding UK
Largest holdings, 29-Aug-2014
Holding (%) Rank Fund factsheet Equity factsheet
DNB ASA 3.50 1 - -
DAIMLER 3.50 2 - -
ALLIANZ SE 2.80 4 - -
LUKOIL 2.70 6 - -
SWISS LIFE 2.50 8 - -
TECHNICOLOR - REGR 2.40 10 - -
Regional weightings, 29-Aug-2014
Other20.241 20.24% Other
Germany19.352 19.35% Germany
Norway17.683 17.68% Norway
France10.314 10.31% France
Italy7.765 7.76% Italy
Switzerland7.476 7.47% Switzerland
Russian Federation6.587 6.58% Russian Federation
Sweden6.098 6.09% Sweden
Netherlands4.529 4.52% Netherlands
Sector weightings, 29-Aug-2014
Others18.461 18.46% Others
Banks16.502 16.50% Banks
Utilities10.903 10.90% Utilities
Technology10.714 10.71% Technology
Insurance8.945 8.94% Insurance
Food & Beverage8.946 8.94% Food & Beverage
Automobiles & Parts7.377 7.37% Automobiles & Parts
Industrial Goods & Services7.178 7.17% Industrial Goods & Services
Health Care5.809 5.80% Health Care
Oil & Gas5.2110 5.21% Oil & Gas

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Colin Edy Nov 04th, 2010 at 01:02 PM

Why is this fund such a bad performer relative to other European Funds. Try a new Fund manager and quickly

ivor farrant Apr 19th, 2012 at 12:37 PM

These 2 fund managers represent all that is wrong in the financial service industry.In no other business would 10yrs of underachieving be tolerated, let alone rewarded. Ivor Farrant


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Asset allocation

International Equities, 20.24%
20.2400% ofInternational Equities
German Equities, 19.35%
19.3500% ofGerman Equities
Norwegian Equities, 17.68%
17.6800% ofNorwegian Equities
French Equities, 10.31%
10.3100% ofFrench Equities
Italian Equities, 7.76%
7.7600% ofItalian Equities
Swiss Equities, 7.47%
7.4700% ofSwiss Equities
Russian Equities, 6.58%
6.5800% ofRussian Equities
Swedish Equities, 6.09%
6.0900% ofSwedish Equities
Dutch Equities, 4.52%
4.5200% ofDutch Equities

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Sector analysis


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