Artemis UK Select

This fund is a concentrated portfolio of the best 40-50 stocks found by Ed and Ambrose, as they aim to combine top-down macroeconomic views with fundamental bottom-up analysis. The fund has a multi-cap approach and targets individual stocks for which managers believe they have a non-consensus insight. This means the fund will never hold a stock just because it represents a significant proportion of its benchmark. In addition to this, the fund also has the ability to hold short positions in selected holdings where the managers believe a company may have negative prospects and can consequently make money from a falling share price. Ed and Ambrose have an excellent long-term and short-term track record.

Ed Legget, Ambrose Faulks

Ed Legget joined Artemis in December 2015 to co-manage this fund. He also co-manages the Artemis High Income fund. He joined the industry in 2002, after gaining a degree in manufacturing engineering from Cambridge. Ambrose Faulks joined Artemis in 2013, having previously worked in the research department of a UK hedge fund, where he focused on financial services and asset-intensive businesses in his role as an equity analyst. He has a masters in chemistry from Oxford.

This fund stands out as one of the premier UK equity funds due to the impressive track record of its managers. Ed Leggett has consistently delivered exceptional performance over his career, and alongside Ambrose Faulks, the fund has thrived since their partnership began in late 2015. The fund’s high-conviction approach and flexibility in stock selection make it an attractive choice for investors who are comfortable with higher levels of risk in pursuit of substantial long-term gains. However, investors should be prepared for potential drawdowns during periods of market stress. This fund is well-suited for those seeking high reward potential but willing to accept greater volatility.