Artemis' Dodd refocuses Global Energy on larger holdings

Artemis Global Energy fund managers John Dodd and Richard Hulf have shifted their portfolio more towards mid and large cap holdings as the fund gains assets faster than expected.

The fund, which is now £100m in size, was run on paper for a year prior to launch in April last year and was predominantly focussed on small-cap holdings. However, after assets grew quicker than expected following the launch, the managers have now re-jigged the portfolio to focus on mid- and large-cap names. The one-year-old fund now has a 29% position in mid caps, 44% in large caps, with 10.6% in small caps and 6.7% in private companies. "We used to have more of a small-cap style, but we decided a mid and large-cap focus would be more suitable for a sizeable fund," said Dodd. "...