Fundsmith, the asset management company run by British stock-picker Terry Smith, said on Wednesday it was launching a fund to tap growing demand from institutional clients in sustainable investment.

Terry Smith, the British investor, is targeting institutional investors by launching a fund that shuns “sin stocks”, including pornography, oil and tobacco.

John Chatfeild Roberts, who runs the £6.7 billion Merlin multi-asset funds, has revealed the investments he is making for protection in the event of a market correction.

The Telegraph report that Terry Smith has invested a further £115m in to Fundsmith, bringing his total investment in the fund to £200m.

In this article, Citywire reports that Fundsmith attracted net inflows of £1 billion in Q2. The article notes that Q2 was a tough period across the industry but that Fundsmith's performance propelled the group into the top 10 managers by gross sales for the first time in its history.

In this video by AJ Bell Investcentre, Ross Mould discusses Fundsmith, its strategy and the type of companies it invests in and why.

This week Ben Gutteridge interviews internationally acclaimed money manager Terry Smith, Chief Executive & CIO of Fundsmith. First on the agenda is Fundsmith’s Investment Philosophy which governs the decision making process but also shows clear differentiation from the competition.

When Terry Smith launched his boutique back in 2010 not everyone was convinced he could make it in the funds world.