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
Fundsmith Equity has opened a holding in the tech giant after this year’s slide in valuations across the sector
Shares in the trust will still be tradeable on the LSE until a liquidator is named
Especially in light of the more than 100 funds in the IA Emerging Market sector with worse three-year performance
The £319m strategy has delivered 6.2% over five years, versus its benchmark which returned 23.4%
Follows ejections of Becton Dickinson and Johnson & Johnson
But it is already one of the equity fund’s worst performers
As two April additions prove to be winners
It was likely one of the two unnamed positions alluded to in the January factsheet
Star manager’s tech holdings like Meta have been brutally punished in 2022 market downturn
Mark Pacitti to retire at the end of February
Follows hot on the heels of Fundsmith CEO’s change of heart on Amazon
Fundsmith founder describes failed £50bn bid for GSK Consumer as a ‘near death experience’