Terry Smith takes aim at Paypal after Fundsmith’s poor performance
Per usual, his annual letter to shareholders pulls few punches
Per usual, his annual letter to shareholders pulls few punches
Terry Smith’s equity fund was the only actively-managed strategy in the 10 most-bought Interactive Investor funds
Fundsmith Equity has opened a holding in the tech giant after this year’s slide in valuations across the sector
Star manager’s tech holdings like Meta have been brutally punished in 2022 market downturn
Fundsmith CEO also slams Unilever’s obsession with touting sustainability credentials
$70bn US syringe maker was among Fundsmith Equity’s top 10 holdings after launching in November 2010
Fundsmith boss alludes to new mystery holding added in July, while Michael O’Brien buys Chinese medical platform and Indian business management provider
Advised investor share class will be monitored by board of Terry Smith’s funds
Star manager puts blame for daily dealing craze on commercial interests rather than regulations
But other boutique stars like Terry Smith remain in favour
Lindsell Train Global Equity falls to the bottom of its sector
Big issue would come if Terry Smith’s super fund ends up seeing redemptions