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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 82 / 99 13 / 93
Quartile 4 1

Fund ratings

BronzeMstar OBSR
FE Crown Rating: 3 FE Crown Rating


  1y 3y
Volatility 10.13 14.32
Alpha -1.93 0.38
Beta 0.91 1.12
Sharpe 0.00 1.06
Info Ratio -0.47 0.48
R2 0.77 0.92
Quartiles:   1  2  3  4   help with ratios
vs. Europe Excluding UK»
performance chart
ACC -0.8+63.9+44.3+34.0+23.2-22.3+13.3
  EUROPE EXCLUDING UK   +1.8+54.8+40.3+23.7+23.0-17.3+9.5
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf ARTEMIS EUROPEAN GROWTH I ACC 243.25 (p) 246.42 (p) 18-Dec-2014 4.06 0.88% BUH3 B2PLJD7
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf ARTEMIS EUROPEAN GROWTH R ACC 231.28 (p) 244.16 (p) 18-Dec-2014 3.40 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£259.7m / $406.5m (28-Nov-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch07-Mar-2001
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
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, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
DNB ASA 3.70 1 - -
Dialog Semiconductor 3.60 2 - -
Marine Harvest ASA 3.20 3 - -
Opera Software 3.20 4 - -
Skandinaviska Enskilda Banken 'A' 2.90 5 - -
Allianz SE 2.80 6 - -
Daimler AG 2.80 7 - -
OAO Lukoil 2.60 8 - -
Swiss Life 2.60 9 - -
Actelion 2.40 10 - -
Regional weightings, 31-Oct-2014
Other20.201 20.20% Other
Norway19.602 19.60% Norway
Germany18.703 18.70% Germany
Switzerland 9.004 9.00% Switzerland
Sweden8.005 8.00% Sweden
Russian Federation6.606 6.60% Russian Federation
France6.507 6.50% France
Italy6.108 6.10% Italy
Denmark4.409 4.40% Denmark
Cash0.9010 0.90% Cash
Sector weightings, 31-Oct-2014
Financials25.501 25.50% Financials
Consumer Goods16.902 16.90% Consumer Goods
Technology12.103 12.10% Technology
Utilities10.804 10.80% Utilities
Healthcare8.105 8.10% Healthcare
Industrials7.706 7.70% Industrials
Basic Materials7.607 7.60% Basic Materials
Oil & Gas5.508 5.50% Oil & Gas
Consumer Services4.709 4.70% Consumer Services
Money Market0.9010 0.90% Money Market
Telecommunications0.2011 0.20% Telecommunications

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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ivor farrant Oct 13th, 2014 at 09:15 AM

Once again my 2007 investment in this fund is worth less than cost,but still Wolstencroft remains a fund manager. How poor a performer do you have to be to be replaced at Artemis? Ivor Farrant

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, 20.20%
20.2000% ofInternational Equities
Norwegian Equities, 19.60%
19.6000% ofNorwegian Equities
German Equities, 18.70%
18.7000% ofGerman Equities
Swiss Equities, 9.00%
9.0000% ofSwiss Equities
Swedish Equities, 8.00%
8.0000% ofSwedish Equities
Russian Equities, 6.60%
6.6000% ofRussian Equities
French Equities, 6.50%
6.5000% ofFrench Equities
Italian Equities, 6.10%
6.1000% ofItalian Equities
Danish Equities, 4.40%
4.4000% ofDanish Equities
Money Market, 0.90%
0.9000% ofMoney Market

FE Adviser Fund Index

Sector analysis


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