‘It’s hard to find safe assets’ - Jacob de Tusch-Lec of Artemis Global Income | IC Interviews
Investors' ChronicleShow Notes
At £5.7bn, Artemis Global Income is one of the largest global income funds available to UK investors. It posted enthusiastic returns in 2025, well above what you would normally expect from this kind of strategy. But has this made the portfolio holdings expensive, and where does it go from here?
Manager Jacob de Tusch-Lec talks to Val Cipriani about being nervous about what comes next, whether the war in Iran means 2022 all over again for stock markets, and how he feels about AI.
Timestamps 00:00 Intro 01:07 What is Artemis Global Income? 02:26 Three buckets 04:21 Importance of valuation 05:40 Recent performance 10:49 Are we going back to 2022? 16:20 AI investments 19:19 Financial industry 24:05 Is there value in the UK? 27:26 Recent changes 32:50 When to sell 34:21 Emerging markets
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