The fund has risen in size by 482% in just three years, from £1.8bn in 2014, on the back of strong returns and as fund buyers bought into his straight-talking style.
It comes after wealth firm Tilney this morning published rankings showing the fund had once again claimed the top spot for sales on its Bestinvest Online Investment Service in April.
This marked the 11th month the fund had dominated the platform.
It gained 169% in five years versus an MSCI World index rise of 109% in spite of its slightly high annual management charge of 0.9% for platform clients.
According to the latest Sunday Times Rich List published last week, Smith’s personal fortune rose from £127m to £220m last year, rocketing him to 513rd place in the UK.
In the past three years Fundsmith Equity has remained roughly 50-60% invested in US equities, with holdings in the UK stockmarket ranging from around 20-30% and European equities filling out the rest.
Jason Hollands, managing director at Tilney Group, said: “Bestinvest clients just can’t get enough of tell-it-like-it-is manager Terry Smith.
“He has an invest-and-hold strategy focused on a concentrated portfolio of 29 quality growth stocks from across developed markets.”
Elsewhere on Tilney’s latest platform-sales list, Steward Investors Asia Pacific Leaders appeared in third place in spite of ongoing worries about emerging markets.
Two Woodford Investment Management funds made a showing, with CF Woodford Equity Income coming in fourth and CF Woodford Income Focus ranking sixth.
