Artemis is offering a 1.5% discount off the 5.25% front end fee on its New Enterprise Fund until 6 J...
Artemis is offering a 1.5% discount off the 5.25% front end fee on its New Enterprise Fund until 6 June.
The unit trust, managed by Lindsay Whitelaw, launches this week and will hold new economy stocks as well as traditional companies that are applying technology to enhance their business. The portfolio will contain between 40 and 50 stocks and be benchmarked against the FTSE All-Share Index.
The geographic focus of the fund will be in the UK, but as much as 20% may be invested in overseas markets. Up to 10% of the fund may be invested in unquoted companies, but only where there has been a board decision passed by the company to seek a flotation.
Whitelaw said: "The stock selection process will focus on the re-rating stockpicking approach. This allows the early identification of the businesses that will prove to be the sustainable long-term winners."
The model portfolio involves 25% investment in IT hardware and software, 15% in telecoms and 15% in media and photography.
Healthcare, support services and pharmaceuticals will each account for 10% of the portfolio, while electronic and electrical equipment and distributors, will each account for 5%. The final 5% will be invested in other areas.
From June 2019
11 years since launch of three Chartered titles
Hired 200 extra operational staff
Slow progress in improving diversity
Share purchase deal with assets of £28m