Simon Barnard: Smithson should have theoretically underperformed in 2021
‘Very small degree of outperformance’ satisfies Fundsmith manager as Treasury yields rise
Fundsmith
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Weekly outlook: Glaxosmithkline and Unilever report as activist investors circle
Key events for UK wealth managers for the week starting 7 February
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Fundsmith profits jump to almost £60m
Terry Smith enjoys £35m payout from partnership plus undisclosed sum from his Mauritius business
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Fundsmith EM trust sells stocks as it turns sour on Brazil and Turkey
Jair Bolsonaro and Recep Tayyip Erdogan are both taking a hit at the polls as inflation runs rampant
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Fundsmith changes its tune with new position in Amazon
Terry Smith has previously been critical of the tech giant’s ecommerce business
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DFM demand for passives delivers chart-topping Q3 sales for Blackrock
Passives giant surpasses Liontrust and Baillie Gifford in the latest Pridham report
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Fundsmith Smid trust gets first taste of underperformance
Smithson manager Simon Barnard says higher inflation unlikely to pose significant problems for portfolio companies
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Terry Smith dumps Sage after flagging underperformance in December
FTSE 100 software business’s share price has remained ‘in the doldrums’
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Fundsmith justifies static fees in second assessment of value report
Economies of scale have diminished since 2017, with the OCF remaining static since then
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Terry Smith enjoys £30m payday after Fundsmith sees profits nearly double
Fundsmith CEO pocketed £16m in 2019
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Terry Smith floats Fundsmith head of research as potential successor
Fundsmith CEO has outlined plans to redistribute his majority stake to staff when he eventually departs
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Terry Smith finishes off 2020 by tapping into LVMH
European luxury goods got bruised during the coronavirus sell-off