Terry Smith ramps up stake in emerging markets trust
Still pales in comparison to his significant holding in Fundsmith Equity
Still pales in comparison to his significant holding in Fundsmith Equity
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Analysts are already speculating the trust will enter the FTSE 250 this year
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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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