Fundsmith manages only a modicum of growth despite Paypal exit
It was the second biggest performance drag last year
Fundsmith Equity
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Terry Smith takes aim at Paypal after Fundsmith’s poor performance
Per usual, his annual letter to shareholders pulls few punches
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Fundsmith stands alone as investors flock to passives
Terry Smith’s equity fund was the only actively-managed strategy in the 10 most-bought Interactive Investor funds
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Terry Smith adds Apple stake to flagship fund
Fundsmith Equity has opened a holding in the tech giant after this year’s slide in valuations across the sector
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Terry Smith jettisons Johnson & Johnson from £25bn fund
Star manager’s tech holdings like Meta have been brutally punished in 2022 market downturn
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‘Better late than never’: Terry Smith defends Amazon buy in annual shareholder letter
Fundsmith CEO also slams Unilever’s obsession with touting sustainability credentials
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Terry Smith ditches longstanding holding Becton Dickinson
$70bn US syringe maker was among Fundsmith Equity’s top 10 holdings after launching in November 2010
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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 assessment deems 0.95% charges value for money
Advised investor share class will be monitored by board of Terry Smith’s funds
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AJ Bell and Interactive Investor dispute Terry Smith’s liquidity illusion attack
Star manager puts blame for daily dealing craze on commercial interests rather than regulations
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Multi-managers drop Lindsell Train as nerves run high post-Woodford
But other boutique stars like Terry Smith remain in favour
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Lindsell Train and Fundsmith hammering fails to spook investors
Lindsell Train Global Equity falls to the bottom of its sector