When Terry Smith launched his boutique back in 2010 not everyone was convinced he could make it in the funds world.
Fundsmith today announces that personal finance and investment publication, Money Observer, has awarded the Fundsmith Equity Fund (“Fundsmith Equity” or the “Fund”) a Rated Fund status. Money Observer has also included Fundsmith Equity in three of their model growth portfolios, recognising the Fund’s “impressive performance”.
Here are two good online sources to foster clear thinking about equity investment and help build portfolios
The outspoken chief executive has delivered table-topping returns with only a little tinkering on his £1.5bn Fundsmith fund.
Terry Smith, the controversial fund manager, has sold just four stocks in three years while delivering returns that put his Fundsmith fund near the top of the performance tables.
Investors in Fundsmith Equity, managed by the forthright Terry Smith, have plenty of reasons to be cheerful. On 1 November 2013, its third anniversary, the global equities fund had powered to a total return of 61.2 per cent, placing it fourth among 244 funds in the Global growth sector, and beating the MSCI World index by nearly 20 percentage points.