WHAT WE ARE SAYING

Notification of Transaction

20 September, 2019 15:23:22 | By Fundsmith

Net Asset Value(s)

20 September, 2019 10:21:45 | By Fundsmith

Net Asset Value(s)

19 September, 2019 09:31:12 | By Fundsmith

Net Asset Value(s)

18 September, 2019 10:48:00 | By Fundsmith

Net Asset Value(s)

17 September, 2019 10:22:49 | By Fundsmith

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16 September, 2019 11:01:59 | By Fundsmith

Net Asset Value(s)

13 September, 2019 09:29:07 | By Fundsmith

Net Asset Value(s)

12 September, 2019 09:56:08 | By Fundsmith

Net Asset Value(s)

11 September, 2019 09:28:16 | By Fundsmith

Net Asset Value(s)

10 September, 2019 10:04:21 | By Fundsmith

What others are saying

Shares - Turn to Fundsmith to play emerging markets

14 March, 2019 | By James Crux

FEET offers defensive and disciplined exposure to the globe’s fastest growing markets. Emerging economies are faring better than their developed market counterparts despite the US/China trade spat. We believe the best way to get exposure is via an actively-managed fund rather than picking stocks individually as you can lean on the expertise of a fund manager who has the right resources to properly research these markets.

FT Adviser - Terry Smith dips Feet in new waters

28 April, 2016 | By Julia Faurschou

What Terry Smith IS SAYING

Money Observer - Fundsmith’s Terry Smith: forecasters are like Michael Fish

03 January, 2019 | By Terry Smith

Tumult, turbulence and turmoil are just the words beginning with the letter T used by commentators to describe the behaviour of stock markets in October. I think it’s always good to look at the definition of the words we are being asked to accept. For example: turmoil, noun: a state of great disturbance, confusion, or uncertainty . synonyms: confusion, upheaval(s), turbulence, tumult, disorder.

Financial Times - Busting the myths of investment: Do equities outperform bonds?

07 November, 2018 | By Terry Smith

As an equity fund manager, questioning the investment myth that equities outperform bonds is the equivalent of coprolalia, an occasional characteristic of Tourette’s syndrome in which the sufferer involuntarily utters socially inappropriate remarks.

Financial Times - Busting the myths of investment: who needs income?

03 October, 2018 | By Terry Smith

There seems to be something so alluring about dividend income that it often seems to lead investors to abandon common sense or be encouraged to do so by the investment industry. For example, how many times have you heard it said that the majority of returns from investment in equities comes from reinvestment of the dividends?

Financial Times - Busting the myths of investment

01 September, 2018 | By Terry Smith

Adding small-caps to a global equity portfolio adds value without heightening the risk. If you are an investor you may have encountered these two adages. First, that in order to earn a higher return you must take greater risk. Second, asset allocation is the most important contributor to performance.

Financial Times – ESG? SRI? Is your green portfolio really green?

18 January, 2018 | By Terry Smith

You decide to buy a car. You tell the dealer you want to be environmentally responsible and trust him to supply something appropriate. You had an electric car in mind but he supplies a hybrid. Not too bad, but when it arrives you find that the internal-combustion part of the power plant is a diesel supplied by a German maker caught lying about emissions.

Financial Times – AstraZeneca is beginning to look like Tesco

04 August, 2017 | By Terry Smith

It might be tempting to view last week’s fall in the AstraZeneca share price in isolation, related to the results of the “Mystic” lung cancer drug trial. However, I suspect that AstraZeneca’s problems go much deeper than a setback for a single drug.

Financial Times – The unique advantage of equity investment

20 April, 2017 | By Terry Smith

Investment in stocks and shares – equities – has a unique advantage over other asset classes which in my experience is rarely understood and almost never discussed. Equities can compound in value in a way that investments in other asset classes, such as bonds and real estate, cannot. The reason for this is quite simple: companies retain a portion of the profits they generate to reinvest in the business.

Financial Times: Emerging Markets ETFs and the Jaws of Death

19 February, 2017 | By Terry Smith

In his latest article and podcast for FT Money, Terry Smith discusses why it may seem a strange position for an active fund manager to adopt but he is in favour of passive or index investment; the problems with emerging market ETFs; and the types of companies that these ETFs invest in.