Fundsmith Equity Fund
695.87p T Class Acc, 08 Oct 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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Interactive Investor - 100th episode special: the Terry Smith interview

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To mark our 100th episode Kyle interviewed Terry Smith, manager of Fundsmith Equity. Among the topics discussed are whether it has become harder for active funds to outperform the index due to the strong performance of the ‘Magnificent Seven’ tech stocks, why Diageo was recently sold, and why he hasn’t bought Nvidia. Kyle also asks Terry to explain why he thinks “no one should invest in equities for income”.

Click here to listen to the podcast interview: https://www.ii.co.uk/analysis-commentary/100th-episode-special-terry-smith-interview-ii532854