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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”.
If you are wondering how to put together a portfolio of equity investments, you could do worse than visit the website for Fundsmith and download lots of relevant documents. These will give you an insight in a particular type of equity investing that I will caricature as ‘Buffett Mk 2.0’.
The outspoken chief executive has delivered table-topping returns with only a little tinkering on his £1.5bn Fundsmith fund.
Evening Standard - Old-fashioned way pays off for Smith
What has become clear following RDR is that a large number of different parties receive payments from investment funds. The traditional charging structure on funds was ‘bundled’ so a single annual management charge (AMC) was deducted by the fund company to pay the cost of managing the investments, platform services and the annual commission payment to a financial adviser.
Terry Smith thinks the market puts too great a value on bonds compared to the highest-quality shares. Imagine a close relative of yours is gravely ill, and you have the chance to buy a drug that would increase their chances of survival by 10 per cent. What would you pay for the drug?
Fundsmith Equity Fund is to be applauded for delivering a negative portfolio turnover figure of -0.19 per cent.
Ever wondered how the ultra-rich invest their money? One way has been for the wealthy to create special companies or portfolios in which they own a substantial stake - but until now most small investors have not been aware that they, too, could profit from these funds.
The retail distribution review (RDR) and the transparency it will bring has caused the underlying costs of funds to come the fore and led to the launch of a string of investment houses predicated on offering lower-cost models.
No one could ever accuse Terry Smith of being a yes-man. The boss of asset management firm Fundsmith is a natural upstart who has forged a career in the City by being a maverick.
David Dimbleby chairs Question Time from Luton. On the panel: Transport Secretary Justine Greening MP, Shadow Olympics Minister Tessa Jowell MP, former leader of the Liberal Democrats Paddy Ashdown, comic actor & broadcaster Tony Robinson and the businessman Terry Smith.
Terry Smith, the combative City broker, is to launch an assault on Britain’s fund management industry with an aggressively priced pitch at retail and institutional investors.
