Feet exits five holdings as liquidation approaches
The fund’s market cap continues to drop as its lifecycle comes to an end
Fundsmith Emerging Equities Trust
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Feet investors set for Christmas pay out if liquidation is approved
The initial distribution date has been tentatively set for ‘on or about 18 December’
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Terry Smith ditches two companies as he prepares to shut down Feet
Shares in the trust will still be tradeable on the LSE until a liquidator is named
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What can we read into Terry Smith’s closure of FEET?
Especially in light of the more than 100 funds in the IA Emerging Market sector with worse three-year performance
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Surprise and praise as Terry Smith moves to shutter emerging equities trust
The £319m strategy has delivered 6.2% over five years, versus its benchmark which returned 23.4%
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Terry Smith and Fundsmith Emerging Equities Trust manager initiate fresh holdings
Fundsmith boss alludes to new mystery holding added in July, while Michael O’Brien buys Chinese medical platform and Indian business management provider
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Fundsmith emerging markets trust lands buy recommendation from Investec
Shares in Terry Smith’s former investment trust described as offering ‘significant contrarian value’
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Moneysupermarket co-founder halves stake in Fundsmith emerging market trust
Simon Nixon was among the trust’s biggest backers at IPO
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Terry Smith successors dial up concentration in emerging markets trust
Fundsmith Emerging Equities Trust lost investors 7% compared with benchmark gains of 14% in 2019
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Fundsmith EM trust adds two names on coronavirus share price falls
Feet discount neared 20% last month but NAV significantly outperformed
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Terry Smith hands over reins of emerging equities trust
Michael O’Brien and Sandip Patodia to take over as fees are slashed