Five Arrows snaps up Artemis and Thames River

The Five Arrows Wealth Management Service has bought into the Artemis European Growth fund and increased its exposure to Thames River European. The funds were brought into the service following the sale of Henderson European Growth. Fund of fund manager Bambos Hambi said: 'The Artemis fund provides more of a mid/small-cap bias, an area we find particularly attractive at present relative to large caps.' He praised both the Thames River and Henderson funds but said they have a similar risk/reward profile and that holding two creates duplication.