Fundsmith LLP
635.10p T Class Acc, 21 Sep 21

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An ISA (Individual Savings Account) is a savings account available to UK residents on which the return is tax-free, and which need not be declared on the investor's tax return. All income (dividends and interest) and all capital gains within the account are free of tax. For the current tax year 6th April 2021 to 5th April 2022, the overall investment limit is £20,000.00. You may only open one stocks and shares ISA per tax year.

 

Owners manual

Most fund managers will send you a glossy brochure. At Fundsmith we want you to have an Owner’s Manual. Why? Because your understanding of what we are trying to achieve and how we will approach it is a critical element in enabling us to attain our goal.

Investor Topics

Financial Guidance

A selection of articles covering financial topics Fundsmith investors regularly seek help with, e.g. tax, risk, pensions.

Third-party Analysis on Fundsmith

A selection of third party reports on Fundsmith can be found here.

Papers and articles

  1. Fundsmith

    AstraZeneca is beginning to look a lot like Tesco

    It might be tempting to view last week’s fall in the AstraZeneca share price in isolation, related to the disappointing results of the “Mystic” lung cancer drug trial. However, I suspect that AstraZeneca’s problems go much deeper than a setback for a single drug.

    By Terry Smith
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  2. Fundsmith

    Return Free Risk

    As investors we are taught that to obtain higher returns you must assume higher risk, but much of the evidence contradicts this assumption.

    By Terry Smith
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  3. Fundsmith

    Banned Words

    I have increasingly formed the view that there are some words and phrases which are used by company management, analysts and commentators which investors should be wary of.

    By Terry Smith
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  4. Fundsmith

    Lessons from the Tour de France

    You can take at least one vital lesson for successful investment from the Tour. It has never been won by a rider who won all the stages, and it never will.

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  5. Fundsmith

    Share Buybacks

    Capital allocation decisions are amongst the most important decisions which management make on behalf of shareholders. In this document we analyse whether the current vogue for share buybacks is justified.

    By Terry Smith
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