Fundsmith Equity Fund
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700.94p T Class Acc, 26 Apr 24
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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 year, 6 April 2024 to 5 April 2025 the overall investment limit is £20,000 (excluding the British ISA which has a separate £5,000 limit).

 

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Money Observer Awards Fundsmith Equity Rated Fund Status

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Money Observer
By Money Observer

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”.

Commenting on the award, Money Observer’s Editor Andrew Pitts said:

“Money Observer’s Rated Funds recognise open-ended and closed-ended investment companies that have demonstrated consistent outperformance or that have been chosen as ideal routes into specific markets and sectors in the current investment environment. Not only are these selections important in isolation but also because many constituents will be considered for inclusion in the 12 highly successful Money observer Model Portfolios.”
“Fundsmith Equity is included in three of our model growth portfolios. Although it is only just over three years old, it has already produced impressive performance. Its manager and company founder, Terry Smith, has had a long career in the City. His investment approach is to focus on buying a limited number of high-quality global businesses."
“He applies a number of criteria when selecting stocks. For example, the businesses must have advantages that are difficult to replicate, must not require significant borrowings, and must be resilient to change. He also believes in a buy and hold strategy, rather than trading shares as their prices rise.
”The Fundsmith Equity Fund, launched in November 2010, offers investors a high quality, concentrated portfolio of 20-30 resilient global growth companies which are held for the long term.

The T Class Accumulation Shares, in the three years ending 31 October 2013, delivered a compound return of 17.3% p.a. and a total return of 61.2% outperforming the MSCI World Index (GBP, Gross) by 19.4%, and the average IMA Global Equity Fund by 31.7%, placing the fund 4th in the IMA Global Growth Sector out of 244 funds.

Fundsmith is due to launch a new fund, Fundsmith Emerging Equities Trust PLC (“FEET”). FEET will be an investment trust and will invest in companies that have the same characteristics as the Fundsmith Equity Fund but are mostly headquartered and listed in emerging markets. Full details will be made available in due course.

ABOUT FUNDSMITH

Fundsmith is a fund management company established in 2010 by Terry Smith and is the main vehicle for Terry’s own investments. The business is 100% owned and controlled by its partners, who have worked closely together over many years, and is headquartered in London with an office in Connecticut, USA.  Fundsmith also offers its own stocks and shares ISA. Fundsmith is authorised and regulated by the Financial Services Authority.

www.fundsmith.co.uk

www.fundsmith.eu 

  • No Fees for Performance
  • No Up Front Fees
  • No Nonsense
  • No Debt or Derivatives
  • No Shorting
  • No Market Timing
  • No Index Hugging
  • No Trading
  • No Hedging

An English language prospectus for the Fundsmith Equity Fund is available on request and via the Fundsmith website and investors should consult this document before purchasing units in the fund. Past performance is not necessarily a guide to future performance. The value of investments and the income from them may fall as well as rise and be affected by changes in exchange rates, and you may not get back the amount of your original investment. Fundsmith LLP does not offer investment advice or make any recommendations regarding the suitability of its product. This financial promotion is intended for UK residents only and is communicated by Fundsmith LLP which is authorised and regulated by the Financial Conduct

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