dividend models are best suited for those companies that are in the course hero

As the last two years have shown, short-term performance is likely to bear very little resemblance to the benchmark our aim remains to out-perform it over the long term.ĭuring the year global markets were dominated by Russia's invasion of Ukraine and the resulting sharp increase in energy prices, inflation and interest rates. As we have reminded shareholders in the past, the portfolio bears little relationship to the FTSE All-Share and the stock-selection is not constrained by it.

The second half of the year showed a stronger relative performance than the first half.Īlthough the FTSE All-Share Index is your Company's formal benchmark, a significant proportion of the companies in the portfolio are relatively small and form part of the FTSE 250 Index which declined by 3.3% over the year. In comparison the benchmark FTSE All- Share Index rose by 6.0%. ** The date when Artemis was appointed as Investment Adviserĭuring the year ended 30 April 2023, your Company's net asset value per share rose by 1.3% and its share price fell 1.2% (on a total return basis). Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.Īnnual Report for the year ended 30 April 2023.

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Dividend models are best suited for those companies that are in the course hero