Artemis to move into GEM equities with extension of SmartGARP range

Artemis is to soft launch its first fund focusing on emerging market equities next month as it extends its SmartGARP range.

Subject to regulatory approval, the Artemis Global Emerging Markets fund will launch on 9 April. It will be managed by Peter Saacke (pictured) and Raheel Altaf, the former Fidelity manager who joined the SmartGARP team last June. The fund is based on the emerging market holdings within Saacke’s £312m Global Growth fund. Artemis has back-tested the performance of these positions and approached a small group of seed investors about the fund, but does not intend to actively market the portfolio this year. After a period of underperformance following the financial crisis, Artemis Globa...