Fundsmith, the asset management company run by British stock-picker Terry Smith, said on Wednesday it was launching a fund to tap growing demand from institutional clients in sustainable investment.
Terry Smith, the British investor, is targeting institutional investors by launching a fund that shuns “sin stocks”, including pornography, oil and tobacco.
John Chatfeild Roberts, who runs the £6.7 billion Merlin multi-asset funds, has revealed the investments he is making for protection in the event of a market correction.
The Telegraph report that Terry Smith has invested a further £115m in to Fundsmith, bringing his total investment in the fund to £200m.
In this article, Citywire reports that Fundsmith attracted net inflows of £1 billion in Q2. The article notes that Q2 was a tough period across the industry but that Fundsmith's performance propelled the group into the top 10 managers by gross sales for the first time in its history.