Terry Smith defends Fundsmith Equity record after fourth year of underperformance
The £22.5bn fund rose by 8.9% in 2024, trailing both the MSCI World Index, up 20.8%, and the IA Global sector average of 12.6%
Fundsmith Equity
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Michael Spencer becomes chair of Nutshell Asset Management and ups stake in business
Spencer has backed Nutshell since its launch in 2019
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Fundsmith Equity and Lindsell Train portfolio dropped from Bestinvest’s Best Funds list
Bi-annual report comprises 122 funds in total
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£95.3bn underperforming ‘dog’ fund assets leap 106%
Fundsmith Equity and Lindsell Train UK Equity among the funds named in Bestinvest’s latest Spot the Dog report
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Interactive Investor: AI hype carries into 2024 as tech dominates platform sales
L&G Global Tech Index was the most-bought fund in January
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Terry Smith questions AI boom in annual shareholder letter
Smith ‘suspending judgement’ on who eventual winners of the trend might be
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Loomis Sayles £1.1bn US Equity Leaders fund tops Bestinvest December buylist
Fundsmith Equity falls to fifth place
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Bestinvest: Investors favour passive equity funds in October
Only two of top 10 most purchased funds – Fundsmith Equity and Loomis Sayles US Equity Leaders – were actively managed
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Scottish Mortgage and Fundsmith Equity ousted from Interactive Investor’s top spots
City of London becomes most purchased investment trust while Royal London Short Term Money Market leads for funds
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Terry Smith adds Fortinet to Fundsmith Equity portfolio
US-based cybersecurity firm has been added to the 27-stock fund
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Morningstar: Equity funds suffer redemptions as fixed income remains only popular asset class
Fixed income funds saw £698m of inflows during July alone
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Fundsmith’s Terry Smith sold Amazon over ‘capital misallocation’ concerns
Will become ‘more active’ in selling companies investing outside a core franchise