Artemis UK Growth: Qual. Rating Updated
We think the arrival of Tim Steer at Artemis UK Growth should benefit the fund’s investors, but it’s now a different beast.
"In mid-2009, Steer replaced Adrian Paterson, who had a great start at the fund but struggled more recently. Paterson’s poor performance started in 2004 and this was one factor that led Morningstar to rate the fund Inferior early in 2009. After meeting with Steer in the fourth quarter of 2009 we are upgrading the rating to Standard. . . ."
The full four page pdf report can be accessed here. It is free to users of Morningstar.co.uk.