Artemis Global Equity Income looks to US and Europe

Artemis' new Global Equity Income fund will have the ability to go short and is set to launch with strong exposure to the US and Europe.

The fund, managed by Jacob de Tusch-Lec with input from Adrian Frost and Adrian Gosden, will launch in July. It will be seeded internally with about £5m, following Artemis' policy of aligning fund managers' interests with those of clients. The managers have been running it as a model portfolio, with a current geographical split of 35% in the US, 30% in Europe, 20% in Asia Pacific, and 5% each in Latin America, the UK, and Japan. Ideas de Tusch-Lec is considering as holdings in the 50 to 70 stock fund at launch a Philippine telecom company, and an agricultural business in Brazil. Th...