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
Terry Smith
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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
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Fundsmith adds mystery holding
But it is already one of the equity fund’s worst performers
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Fundsmith sells out of Starbucks
As two April additions prove to be winners
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Fundsmith adds Adobe as tech holdings continue to drag on performance
It was likely one of the two unnamed positions alluded to in the January factsheet
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Terry Smith jettisons Johnson & Johnson from £25bn fund
Star manager’s tech holdings like Meta have been brutally punished in 2022 market downturn
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Smithson appoints new chair
Mark Pacitti to retire at the end of February
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Terry Smith snags second tech titan as he initiates holding in Google parent
Follows hot on the heels of Fundsmith CEO’s change of heart on Amazon
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Terry Smith takes aim at Unilever’s ‘gin rummy management’
Fundsmith founder describes failed £50bn bid for GSK Consumer as a ‘near death experience’