September 2018 Update

The G+E Wealth Management Investment Committee held its regular update meeting on Monday I’m pleased to announce the results.

As part of our structured investment process, just one change has been made to the funds that we recommend and include in our portfolios.

The fund that we have replaced is the Invesco Perpetual Global Equity Income fund.

Held in our portfolios for just over a year, the Invesco Perpetual Global Equity Income fund has fallen outside of the criteria that we use to assess the Global Equity sector and we feel that the time has come to remove it in favour of a stronger performing alternative.

As its replacement we recommend the inclusion of the Artemis Global Select Fund.  Managed since 2011 by Alex Illingworth & Simon Edelsten, the fund has an enviable track record, achieving growth of 14.39% over the last 12-month period to 31st August 2018 against the sector average of 10.6% and 6.25% achieved by the outgoing Invesco Perpetual Global Equity Fund.

With an ongoing charge of 0.91% the Artemis fund is slightly cheaper than the Invesco Perpetual fund (0.92%), keeping the overall cost of our portfolios largely the same.

By replacing one ‘global equity’ fund with another, the overall construction of our equity holdings will remain broadly similar.

Clients invested within the G&E Wealth Management portfolio service for pensions and investments will shortly receive confirmation of these changes.

If you would like to learn more about our fund selection process, or the services that we can offer, please contact a member of our team.


Robert Simpson

Managing Director

5th September 2018