Fundsmith Equity

A successful first five years for the ‘no nonsense’ Fundsmith Equity Fund

A successful first five years for the ‘no nonsense’ Fundsmith Equity Fund

2 mins. to read

Terry Smith’s Fundsmith Equity fund recently passed its fifth anniversary. Over the last five years it has returned 115.9%, which puts it in third place out of the 203 funds in the Investment Association’s Global Sector. This impressive performance has helped it to attract £4.1bn of assets under management. Smith is an outspoken critic of…

Too much of a good thing can be bad for you…

Too much of a good thing can be bad for you…

2 mins. to read

…The funds with the largest exposure to an individual company I have written before about the superior performance of concentrated funds, but it is possible to take it too far. If a manager invests an overly large proportion of his portfolio in one particular company it could leave investors exposed to a significant level of…

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