Artemis UK Select - Neutral

FUND RESEARCH UPDATE: Morningstar Analyst Rating moved to Neutral

Samuel Meakin 20 May, 2016 | 6:14AM
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Following a recent Morningstar Analyst Ratings Meeting, we have moved the Artemis UK Select fund to a Morningstar Analyst Rating™ of Neutral. The fund was previously Under Review following the departure of previous manager Tim Steer. After new manager Ed Legget’s appointment, the fund was renamed from Artemis UK Growth to Artemis UK Select in order to reflect Legget’s investment approach, which is more value and less growth focused than his predecessor’s. We acknowledge Legget’s strong previous track record as manager of the SLI UK Equity Unconstrained fund. However, we would like to see how he adapts to working at Artemis, where there is a greater focus on managers’ independent idea generation, since there is no centralised analyst team.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Artemis UK Select R Acc7.19 GBP0.29Rating

About Author

Samuel Meakin  is a fund analyst for Morningstar