Growth struggling in US value market

radar alert: artemis North American growth

Of the three funds launched since the attacks on New York and Washington three years ago, none has produced a positive return over the past year

Three years after the attacks on New York and Washington, US funds continue to suffer. Of three funds launched in the aftermath of the terrorist attacks, none has produced a positive return over the last year. Two of the funds - Artemis North American Growth and MFS US Growth Equity - have been among the worst-performing portfolios in their sector since launch. The Artemis fund is ranked 80 out of 89 funds over the last year, 80 out of 90 funds over the year to date, 82 out of 90 over the last six months and 91 out of 91 over the last three years. Its underperformance has been consistent ...