[private]Two funds have been updated in the OpenList
Equity Global Emerging Markets
The Artemis Global Emerging Markets Fund
Artemis Global Emerging Markets Fund has been added recently to the WSP Global Master List for its complementary profile compared to existing Global Emerging Markets (GEM) peers. The fund displays a distinctive portfolio and process summarized in the note.
Equity Global-Sustainable investments
The Nordea Global Climate and Environment Fund
The fund delivered strong returns of 23.7% (BI-EUR, LU0348927095) during the 1st semester of 2019 and outperformed both relevant climate indices and the general equity market. The main contribution to this positive development came from stock selection.
Two funds have been placed Under Review status in the OpenList
Equity US
Fund Manager Stephen Moore has decided to take a sabbatical from the industry and move back to Australia. He will be managing the Artemis US Extended Alpha and Artemis US Absolute Return Fund until the end of September 2019. In the meantime, there will be a transition of management of the funds to his co-Fund manager Will Warren, who has been Stephen’s deputy on both funds since 2008.
Equity Global
The GS Global CORE ® Equity Portfolio
Following 12 months of underperformance, we have placed the Goldman Sachs Global CORE® Equity Portfolio “Under Review” to reassess the alpha drivers and performance drift of the strategy. At this stage, this is not a change in the rating of the fund, and it does not mean that we advise to sell.
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