‘Better late than never’: Terry Smith defends Amazon buy in annual shareholder letter
Fundsmith CEO also slams Unilever’s obsession with touting sustainability credentials
Fundsmith CEO also slams Unilever’s obsession with touting sustainability credentials
Terry Smith has previously been critical of the tech giant’s ecommerce business
$70bn US syringe maker was among Fundsmith Equity’s top 10 holdings after launching in November 2010
Star manager has previously been vocal about why he dislikes the structure of Amazon
FTSE 100 software business’s share price has remained ‘in the doldrums’
Economies of scale have diminished since 2017, with the OCF remaining static since then
A trio of the best-performing active fund managers have reached the seven-year ‘alpha-rated’ streak
Fundsmith CEO pocketed £16m in 2019
Fundsmith CEO has outlined plans to redistribute his majority stake to staff when he eventually departs
US consumer products giant is the latest holding added to £22.6bn Fundsmith Equity after LVMH in December
Fundsmith Equity manager is a believer in human redemption but only after a period of ‘painful self-examination’
Liontrust and Baillie Gifford dominate highest-rated funds in January rebalance, while ESG funds shine