Analysts Downgrade Artemis UK Smaller Companies

FUND RESEARCH UPDATE: This fund has lost its Gold crown as our analysts' conviction has been dented by a failure to protect shareholders' capital last year

Jeremy Beckwith 31 March, 2015 | 6:00AM
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Morningstar analysts have downgraded their rating on the Artemis UK Smaller Companies fund to Silver from Gold. We continue to believe the experienced manager and robust process make this a strong choice for UK small-cap exposure, but we feel a Silver rating provides a better reflection of the fund's relative merits within the sector. Indeed, given the manager's focus on high-quality companies with resilient business models, we would have expected the fund to protect investors' capital in 2014 to a greater extent than it did; an outcome which has slightly dented our conviction in the manager's application of his process.

See the latest Morningstar OBSR fund rating news here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Artemis UK Smaller Companies R Acc19.97 GBP-1.01Rating

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK