Morningstar: Equity funds suffer redemptions as fixed income remains only popular asset class
Fixed income funds saw £698m of inflows during July alone
Terry Smith
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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
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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 ditches two companies as he prepares to shut down Feet
Shares in the trust will still be tradeable on the LSE until a liquidator is named
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What can we read into Terry Smith’s closure of FEET?
Especially in light of the more than 100 funds in the IA Emerging Market sector with worse three-year performance
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Surprise and praise as Terry Smith moves to shutter emerging equities trust
The £319m strategy has delivered 6.2% over five years, versus its benchmark which returned 23.4%
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Terry Smith kicks another mainstay holding to the kerb
Follows ejections of Becton Dickinson and Johnson & Johnson
