Artemis Funds
Artemis Global Select Fund
Global
Dec 2024 → Sep 2025
Our archive holds 2 letters from this strategy, behind 2 investment theses and positions in 12 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in 2 years · follow all of Artemis Funds for every strategy.
What it bought and sold
We exited food-delivery provider Meituan as heightened competition in the instant delivery space in China and increased investment in international expansion may put margins at risk in the near term.
Danish pharmaceutical Novo Nordisk also left the portfolio.
The proceeds were used to add to recent new position Sandoz where there is greater visibility in EPS (earnings per share) growth and a simpler investment case.
We also bought Italian bank UniCredit which has exposure to several attractive economies across Europe, including Germany, where we expect to see looser fiscal policy feed through to better revenue growth opportunities.
We bought Contemporary Amperex Technology (CATL), the world’s largest manufacturer of lithium-ion batteries.
Also held
Its investment theses
- Contemporary Amperex TechnologySep 2025Contemporary Amperex Technology (CATL) is the world's largest lithium-ion battery manufacturer, poised for significant growth due to its scale, innovation, strong market position in electric vehicles, and positive financial outlook.
- Otis Worldwide CorporationDec 2024Otis is a dominant player in the elevator and escalator market, with strong recurring revenues from servicing contracts that overshadow the minor impact of slowing new equipment sales in China.