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Artemis seeks departure from TAR sector following Target Return Bond fund name and objective change
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The decision was authorised at an extraordinary general meeting held yesterday (5 March), with the changes set to take effect on 18 March. Overall, 100% of the investors who voted supported the proposed alterations. The fund's previous investment objective was to achieve a positive return of at least 2.5% above the Bank of England base rate, after fees, on an annualised basis over rolling three-year periods. Artemis' Peter Saacke to retire from financial services to retrain as a maths teacher The new objective will be to generate returns in excess of the the Markit iBoxx 1-5 year £...
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