Fundsmith Equity Fund
709.00p T Class Acc, 24 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).

 

Archive

  1. Fundsmith

    Fundsmith Launches Online ISA Capability & Further Web Functionality

    Fundsmith, the new asset management company founded by Terry Smith, announces that direct investors can now invest in the Fundsmith Equity Fund ISA online, at www.fundsmith.co.uk. The Fundsmith website also now has the functionality for direct investors to choose between Accumulation and Income Units.

    By Fundsmith
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  2. There’s Good News and Bad News

    Just 18 days after the Fundsmith Equity Fund opened, the first takeover approach for a stock in the portfolio occurred with the news that KKR is in talks to buy Del Monte Foods.

    By Terry Smith
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  3. Fundsmith

    Fundsmith Appoints Another Sales Director

    Fundsmith, the new asset management company founded by Terry Smith, announces the appointment of Conrad Rey as Sales Director to Intermediaries having recently announced the appointment of Catherine Evans as Institutional Sales Director.

    By Fundsmith
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  4. Fundsmith

    A Fundamental Approach to Investing From Terry Smith

    Fundsmith is a new asset management company established by Terry Smith because he believes that most existing equity funds have not delivered what they promised. Fundsmith will be the main vehicle for his own investments. Instead of the multitude of expensive poor performing funds which investors currently have to choose from, the Fundsmith Equity Fund will offer investors the opportunity to invest alongside him in a high quality, concentrated portfolio of 20-30 resilient global growth companies which are held for the long term. The portfolio has no benchmark or sector constraints.

    By Fundsmith
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  5. Sir Keith Park

    On Wednesday 15th September we celebrated the 70th anniversary of Battle of Britain Day with the unveiling of the statue of Sir Keith Park in Waterloo Place, London.

    As Mrs Moneypenny pointed out in her column on 11th Sept, the campaign was launched in that column three years to the day prior to the unveiling:

    By Terry Smith
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  6. Fundsmith & Fees

    As stated before, our main focus at Fundsmith is on producing superior investment returns. However, fees produce a major drag on returns over time. I founded Fundsmith to offer a high quality portfolio of resilient global growth companies which we hold for the long term and for which we charge a reasonable fee with no hidden costs.

    By Terry Smith
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  7. Fund Management Fees - "Two and Twenty"

    I don't want to focus on fees to the exclusion of all else - our main focus at Fundsmith is on delivering superior performance. However, we would like to point out the very meaningful drag that fees and charges have on investment performance.

    By Terry Smith
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  8. The Reaction to the 2 and 20 Analysis

    There are many who disbelieve the simple arithmetic of the impact of hedge fund style 2 and 20% fees on the division of the investment proceeds between investor and fund manager. As demonstrated, if 2 and 20 were applied to Warren Buffett's investment performance, over 90% of the eventual value of the fund would accrue not to the investor, but to the manager.

    By Terry Smith
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  9. Financial Times - Terry Smith to Launch Own Fund

    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.

    By Financial Times, Alistair Gray
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  10. Financial Times

    Financial Times - Facts belie the diagnosis on credit derivatives

    Terry Smith argues that the report on Current Issues Affecting the OTC Derivatives Market and its Importance to London makes for alarming reading, if one believes that politicians and regulators should approach the financial crisis as the medical profession would approach a sick patient: by diagnosing the illness and then prescribing treatment.

    By Financial Times, Terry Smith
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  11. The Guardian

    The Guardian - G20: urban myths and meddling

    Terry Smith states that there are some unpalatable facts which it is vital for the G20 leaders to understand if they are to tackle the financial crisis effectively.

    By The Guardian, Terry Smith
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