Artemis transfers Global Energy Fund to Guinness

Dominic Rowles | Thu 30 May 2019

The links in this article will take you to Hargreaves Lansdown’s main website for more information. Please be aware that if you wish to join any of the benefits in your company Plan you must return to this website to apply.

Artemis has announced plans to transfer management of their Global Energy Fund to Guinness Asset Management.

The fund will be managed by Tim Guinness, Jonathan Waghorn and Will Riley in the same way as they manage their existing Guinness Global Energy Fund. Richard Hulf, who's been a manager on the Artemis Global Energy Fund since launch in 2011, will act as a consultant.

This transfer will take place automatically on 31 July 2019 and the fund will be renamed 'TB Guinness Global Energy'. The fund's name will change on your account shortly after but the value of your holding and the number of units will stay the same. You will not receive a contract note for this transaction.

There will be no cost to investors and no change to the fund's ongoing charge as a result of this transfer.

Why is the transfer happening?

Artemis Global Energy is a specialist fund focusing on a niche area of the stock market. But Artemis feel they can add more value in other areas of the market.

They considered a number of options for the fund's future including changing its investment objective and closing the fund altogether. But they concluded that most investors would want to retain exposure to the global energy sector. They therefore decided to transfer the fund to Guinness Investment Management, who already run a successful global energy fund.

The fund will invest in companies involved in the exploration, production, or distribution of oil, gas and other energy sources. The managers will alter where the fund invests depending on their outlook for commodity prices. They'll also consider the financial strength and valuation of the companies they invest in.

The fund will invest in a relatively small number of companies. This means each one has the potential to contribute strongly to returns, but it's a higher-risk approach. It will also have the flexibility to invest in higher-risk areas like emerging markets and smaller companies.

Do I need to do anything?

If you're happy with Guinness' approach, and want to retain your exposure to the global energy sector, there's no need to take any action. The transfer will take place automatically.

If you don’t want your investment to be managed by Guinness, you'll need to instruct us to sell it before 8am on 30 July 2019.

More about Artemis Global Energy including charges

Artemis Global Energy Key Investor Information


Important information

Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice.

No news or research item is a personal recommendation to deal.

Hargreaves Lansdown Asset Management is authorised and regulated by the Financial Conduct Authority.

Cookie policy | Disclaimer | Important Investment Notes | Terms & Conditions | Privacy Notice