New fund, excellent growth to date, excellent management
Disadvantages:
Technology sector can be volatile
Recommend to potential buyers:
yes
Full review
Whilst the Nasdaq and Techmark wobble around for months on end, this fund reaches for the sky. Artemis New Enterprise Fund has seen 40% growth since its launch on 17 May. Artemis managers have heaps of their own money invested in their funds, and their pensions too.
Every single one of the Artemis funds is soaring high but none quite as rapidly as this one. With just eight million pounds in the fund, the manager, Lindsay Whitelaw, is able to make some very timely investments, and that is probably the secret of the fund's success. I have no intentions of selling my Aberdeen Technology or Jupiter Global Technology but I'm certainly going to bet a couple of grand that this fund out-performs both of them over the next year or two. If you are looking for a technology fund that's not too long in the tooth but has a brief but incredible history, then this could be your comet.
I am in the process of investing £7000 in Artemis funds, and £2000 of that is going into the New Enterprises Fund.
More details
Predicted performance in the future
Excellent
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