Fundsmith Equity drops off interactive investor buylist for first time
Fundsmith had featured on every monthly most sold list since interactive investor began tracking the data in 2018
Terry Smith
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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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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
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Tracker funds dominate AJ Bell retail investor portfolios in H1 2023
Fundsmith Equity was the only active fund in the top 10 list
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Fundsmith manages only a modicum of growth despite Paypal exit
It was the second biggest performance drag last year
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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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Feet exits five holdings as liquidation approaches
The fund’s market cap continues to drop as its lifecycle comes to an end