Philip Wolstonecroft to manage bottom-up portfolio of 50 stocks in Europe
Artemis is to offer an offshore version of its European Growth unit trust which it launched in February. Both funds will be run by the group's newly recruited fund manager Philip Wolstonecroft. The unit trust is run as a concentrated portfolio of 50 stocks, while the focus is primarily bottom-up, Wolstonecroft said he is a market realist. 'I am aware of shifting sentiment among investors and fund managers ' I do not try to fight trends.' The aim is to buy stocks that are growing faster than the market, with a focus on cheap, believable growth. 'The European market is on a ...
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