Artemis

Nick Shenton says he and the rest of the Artemis Income team don’t “fall in love” with any of their holdings, which is why they would be unconcerned if any of them turned their back on their home market.

Why UK bank share prices should be higher

Nick Shenton, co-manager of the Artemis Income Fund, discusses the impact of unprecedented share buybacks and how this is leaving value on the table for patient shareholders.

Andy Marsh reveals how companies in the Artemis Income Fund, particularly housebuilders, are feeling post-election.

Philip Wolstencroft, manager of the Artemis SmartGARP® European Equity Fund, observes that over the long term, share prices follow the direction of companies’ profits. His investment approach is currently signalling value in European equities.

The general election may be dominating headlines in the financial pages, but Ed Legget says it is likely to have little impact on the UK market in the long term – while in the short term, economic stimulus is likely to come from other sources.

A key risk of investing in smaller companies is that they may be harder to sell at times than might be the case with larger, more established and better-known companies. This ‘liquidity’ risk is something that the managers of the Artemis UK Smaller Companies Fund give much attention to.

The government hopes that by providing additional tax breaks, the UK ISA will increase the capital available to domestic businesses. But Paras Anand says the main reason for Britons to invest more in the FTSE is their own prosperity.

Will Tamworth, co-manager of the Artemis UK Smaller Companies Fund, says the high level of M&A in UK small caps allows investors to reinvest the proceeds in under valued businesses for future returns.

Mark Niznik says the steady de-rating of smaller companies is not a sign of something breaking, but of valuations becoming stretched – and like a piece of elastic, they will eventually snap back.

With the world’s largest population and currently the fastest growing economy, India offers impressive growth characteristics. But this comes at a price. In Shiller P/E terms, India is the world’s most expensive stock market. Raheel Altaf explains where he is finding opportunities in India at a reasonable price.

Do companies listed in the UK deserve to trade on a historically wide discount to their global peers? Five charts help to explain why investors who ignore the UK risk missing out on profits that are staring them right in the face…

About 30% of John Crane’s sales now come from products and services that provide decarbonisation benefits, but unlike many companies in the renewable energy sector, it has powerful barriers to entry that should allow it to defend and increase its profits over the coming decades.

Liam O’Donnell leads the Artemis fixed income team’s strategy on macro and rates. Here, he provides his thoughts on the current economic backdrop and the implications for the fixed income market.

Jack Holmes, manager of the Artemis Funds (Lux) – Global High Yield Bond Fund, says there are occasions when not only is the market inefficient, but it throws up opportunities that simply defy logic.

While the giant US tech stocks have dominated returns over recent years, the shares of smaller US companies have languished and are now trading at a discount to larger companies. We believe this represents a very attractive entry point to one of the world’s most vibrant economies.

Investors have tended to view emerging markets as a long-term growth asset. Yet improvements to balance sheets and changes to shareholder policies now mean that many EM companies are offering attractive dividend yields and enacting share buybacks. This creates opportunities for investors looking for income as well as growth.

UK equities may be out of favour with global asset allocators, but there is one set of investors who are snapping them up at a rate rarely, if ever, seen before.