Smithson trust shares wobble as markets open
Analysts are already speculating the trust will enter the FTSE 250 this year
Analysts are already speculating the trust will enter the FTSE 250 this year
Fundsmith Equity shunned despite lower fees and longer track record than some constituents
Smithson Investment Trust more than doubles IPO target to £600m
Smithson Investment Trust trials direct investing technology for IPO
But are big names enough to get these trusts off the ground?
Terry Smith will not manage the new Smithson Investment Trust
Terry Smith has stated he remains “firmly in place” at the helm of Fundsmith as the boutique asset manager promotes three stalwarts of the business as partners.
The Fundsmith Emerging Equities Trust (Feet) has fallen 5.3% in H1, but defensive stock picks mean the net asset value did not fall as much as the benchmark.
Terry Smith’s Fundsmith Sustainable Equity shows early signs of outperforming his flagship fund, which does not adopt environmental, sustainable or governance (ESG) screens.
Terry Smith has launched a sustainable fund for institutional investors after three years running a segregated mandate for UK charity, Comic Relief.
Terry Smith’s Fundsmith Equity was the most researched fund by advisers on FE’s Analytics model between January to September.
Terry Smith is set to launch a fund with a focus on sustainable investing, according to an update on the Financial Conduct Authority register.