The Fundsmith Equity Fund has won the Global Equity category at AJ Bell’s inaugural Fund and Investment Trust (FIT) awards, has been named Boutique Manager of the Year at the Financial News (FN) awards and has won the award for the Best Unit Trust at Investors Chronicle 2017 Awards.
This year, AJ Bell launched its first fund awards where the winners were voted for by both retail customers and financial advisers who use AJ Bell’s Investcentre and Youinvest platforms. To make the voting process accessible to investors, a panel of experts from across the fund management industry was enlisted to put forward their nominations in each category. The panel looked at investment performance, but also considered how well each fund delivered what it had set out to achieve and how well it is positioned for the future.
At Financial News’ 16th annual European Asset Management Awards, Fundsmith won in the Boutique Manager of the Year category by one of the highest margins of any 2017 FN award winner. Nominations for the awards were based on performance and firms’ achievements during the 12 months to 31st May 2017. Winners were chosen by a judging panel of industry experts and Financial News’ senior editors. This panel attributed the impressive long-term performance of the Fundsmith Equity Fund, its significant asset growth and Terry Smith’s continuing involvement in the strategy to its success.
The Investors Chronicle 2017 Awards, which identify and reward service and value for money, voted for by their readers, who complete a detailed questionnaire requiring them to score the providers they use on a wide range of criteria. The scores are collated by an independent research house and are used to identify the winners in each category. Fundsmith Equity Fund
The Fundsmith Equity Fund offers investors a high quality, concentrated portfolio of 20-30 resilient global growth companies which are held for the long term. Since inception on 1st November 2010 to 30th October 2017, the fund’s AUM has grown to £12.7bn and it has delivered a total return of 255.7%.
-Ends- About Fundsmith
Fundsmith is focused on delivering superior investment performance at a reasonable cost. It was established to be different from its peers so as to achieve a different result in line with Sir John Templeton’s axiom that “If you want to have a better performance than the crowd, you must do things differently from the crowd.” The rigorous research process of Fundsmith is central to what we do. We apply exacting standards to potential investments to produce a portfolio of resilient businesses with excellent performance. Minimising the costs we incur on behalf of our customers in implementing our strategy also sits at the heart of our philosophy.
Fundsmith was established in 2010 by Terry Smith. The business is 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. It is structured to survive Terry Smith’s demise and continue with the same investment philosophy. All partners of the firm have a significant co-investment in our Funds delivering a clear alignment of interest. Ancillary activities are outsourced to some of the world's leading providers in order to deliver high quality operations whilst allowing the Fundsmith team to focus on the investment analysis and portfolio management and customer care. As at 30th October 2017, we managed £12.7bn in global equities on behalf of some of the world’s largest and most sophisticated wealth managers, families, private banks, financial intermediaries and individuals invested in our four funds: Fundsmith Equity Fund (UK OEIC), Fundsmith Equity Fund Feeder (Luxembourg SICAV), Fundsmith Equity Fund L.P. (Delaware L.P.) and the Fundsmith Emerging Equities Trust plc (London Listed Investment Trust).
Disclaimer: A Key Investor Information Document and an English language prospectus for the Fundsmith Equity Fund are available via the Fundsmith website or on request and investors should consult these documents before purchasing shares 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 Authority.