Smithson to quickly deploy record £822.5m raise
Fundsmith investment trust more than tripled its initial target
Fundsmith investment trust more than tripled its initial target
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Fundsmith Equity shunned despite lower fees and longer track record than some constituents
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Fundsmith Equity is yet to be tested during a prolonged market fall
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Smithson Investment Trust more than doubles IPO target to £600m
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Terry Smith will not manage the new Smithson Investment Trust
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Terry Smith has stated he remains “firmly in place” at the helm of Fundsmith as the boutique asset manager promotes three stalwarts of the business as partners.
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The Fundsmith Emerging Equities Trust (Feet) has fallen 5.3% in H1, but defensive stock picks mean the net asset value did not fall as much as the benchmark.
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Terry Smith’s Fundsmith Sustainable Equity shows early signs of outperforming his flagship fund, which does not adopt environmental, sustainable or governance (ESG) screens.
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Shares in British software firm Sage, owned by a slew of big shareholders including Terry Smith and Nick Train, have taken a major hit after the group missed its revenue growth target.
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Star fund manager Terry Smith has hit back at critics who believe the defensive growth stocks he invests in are overvalued and that equities are in a bubble.
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Terry Smith’s eponymous firm increased profits six-fold last year with the veteran fund manager set to scoop a bonus of more than £8m as a result.
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Terry Smith has launched a sustainable fund for institutional investors after three years running a segregated mandate for UK charity, Comic Relief.
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