The Corporate Bond market is changing...
Some of the cast-iron simplicities of the past decade have melted away. New opportunities are forming for active investors.
Fraud alert: Please be aware that Artemis will never attempt to market or sell to you via WhatsApp. Learn about security online
Capital at risk. All financial investments involve taking risk which means investors may not get back the amount initially invested.
The Artemis Corporate Bond Fund’s investment approach
Managers Stephen Snowden and Grace Le run the Artemis Corporate Bond Fund with an active and focused approach. This leads to a portfolio that typically targets 75 to 150 issuers.
Grace and Stephen work within a wider team of six fixed income managers who undertake comprehensive research on both a macroeconomic level and bottom-up stock fundamentals.
Exploiting inefficiencies
‘Passive’ and ‘buy and maintain’ strategies have gained a greater share of the market in recent years. During periods of volatility this can lead to dislocations as investors redeem assets from trackers, forcing passive managers to sell valuable assets.
As active managers, the team are able to take advantage of these moves.
Keeping a keen eye on liquidity
The fund limits exposure to non-rated bonds and illiquid assets that could be difficult to sell in challenging conditions.
While the fund can hold non-rated bonds, they do not form a core part of its investment strategy.
Visit the fund factsheet page for more information on the fund’s approach, performance and portfolio
About the managers
Stephen Snowden
Stephen has over 20 years of experience in the bond markets. He joined Artemis in May 2019 from Kames Capital, where he was co-head of fixed income.
Grace Le
Grace has been co-manager of the fund since March 2020. She joined Artemis in December 2019 from Kames Capital, where she was co-manager on a range of investment grade bond funds.
For more information
FOR PROFESSIONAL INVESTORS AND/OR QUALIFIED INVESTORS AND/OR FINANCIAL INTERMEDIARIES ONLY. NOT FOR USE WITH OR BY PRIVATE INVESTORS.
Capital at risk. All financial investments involve taking risk and the value of your investment may go down as well as up. This means your investment is not guaranteed and you may not get back as much as you put in. Any income from the investment is also likely to vary and cannot be guaranteed.
This is a marketing communication. Before making any final investment decisions, and to understand the investment risks involved, refer to the fund prospectus, available in English, and KIID/KID, available in English and in your local language depending on local country registration, from www.artemisfunds.com or www.fundinfo.com.
Investment in a fund concerns the acquisition of units/shares in the fund and not in the underlying assets of the fund.
Reference to specific shares or companies should not be taken as advice or a recommendation to invest in them.
For information on sustainability-related aspects of a fund, visit www.artemisfunds.com.
The fund is a sub-fund of Artemis Investment Funds ICVC. For further information, visit www.artemisfunds.com/oeic.
Third parties (including FTSE and Morningstar) whose data may be included in this document do not accept any liability for errors or omissions. For information, visit www.artemisfunds.com/third-party-data.
Any research and analysis in this communication has been obtained by Artemis for its own use. Although this communication is based on sources of information that Artemis believes to be reliable, no guarantee is given as to its accuracy or completeness.
Any forward-looking statements are based on Artemis’ current expectations and projections and are subject to change without notice.
Issued by Artemis Fund Managers Ltd which is authorised and regulated by the Financial Conduct Authority.