A thread dedicated to all things Terry Smith, who is perhaps the UK’s best money manager.
I’ve held his flagship fund in my Sipp for about a decade. While a little more pedestrian returns-wise, it has provided a good counter-balance to my more growth-focused Baillie Gifford funds.
I know @Richard.W’s also a fan.
Fundsmith Equity Fund
The Fundsmith Equity Fund, which is relatively concentrated with 29 holdings, has around £20bn under management, putting it on a par with SMT size-wise.
It has delivered a return of nearly 450% since inception against a sector average of about 167%.
The fund focuses on global large cap equities and is relatively defensive with allocations to consumer staple companies such as ULVR, RB. and PM.
While it’s an open-ended investment company, which Trading 212 cannot yet offer, it can easily be replicated with pies. Here’s the top 10:
|PAYPAL HLDGS INC||6.72%|
|IDEXX LABORATORIES INC||4.49%|
|NOVO NORDISK A/S||4.48%|
|PHILIP MORRIS INTERNATIONAL INC||4.41%|
|MCCORMICK & CO INC||4.23%|
|ESTEE LAUDER COMPANIES INC||3.99%|
The full holdings can be found in the latest semi-annual report.
Fundsmith also offers two investment trusts – one for emerging markets and the other for global small/mid caps – which are both on the platform: