Artemis merges global equity funds after 95% fall in AUM

Follows AoV report

Artemis' Global Equity Income fund will become part of its larger Global Income fund in the third quarter of this year, following a 95% fall in its assets under management from £131m to just £6m over the last three years.

Artemis Global Equity Income, which has been managed since its launch in 2015 by Jacob de Tusch-Lec, and by co-managers Sam Morley and James Davidson since 2015 and 2016 respectively, has been the 47th worst-performing fund in the 49-strong IA Global Equity Income sector over the last three years with a loss of 12.1%, according to data from FE fundinfo. Stephen Snowden: Starting afresh at Artemis It also has the third-worst maximum drawdown - which measures the most money investors would have lost had they bought and sold at the worst possible times - over the same time period at 27.7...