WHAT WE ARE SAYING

Issue of Equity

18 December, 2018 17:56:33 | By Smithson

Net Asset Value(s)

18 December, 2018 09:38:48 | By Smithson

Net Asset Value(s)

17 December, 2018 11:49:05 | By Smithson

Issue of Equity

14 December, 2018 18:16:36 | By Smithson

Net Asset Value(s)

14 December, 2018 10:15:32 | By Smithson

Net Asset Value(s)

13 December, 2018 11:09:54 | By Smithson

Net Asset Value(s)

12 December, 2018 10:11:40 | By Smithson

Net Asset Value(s)

11 December, 2018 09:57:49 | By Smithson

Net Asset Value(s)

10 December, 2018 10:36:25 | By Smithson

Block Listing Application

10 December, 2018 10:28:12 | By Smithson

What others are saying

Money Marketing - Inside Fundsmith’s new investment trust (video)

02 October, 2018 | By Money Marketing

Last month, star manager Terry Smith announced he was throwing £25m of his own money behind a new investment trust, Smithson. Ahead of its launch, Money Marketing editor Justin Cash sat down with Simon Barnard and Will Morgan, the fund’s managers, to talk strategy, as well as their thoughts on some of the hottest topics in investments.

Daily Mail - Star fund manager Terry Smith reveals new investment trust to find and profit from the world's best small and mid-sized companies

10 September, 2018 | By Alex Sebastian

City star Terry Smith has revealed plans for a new investment trust focused on global small and mid-sized companies. Smith's self-titled firm Fundsmith will roll out the Smithson Investment Trust with the aim of finding and investing in 25 to 40 of the world's best small and medium-sized companies.

Financial Times - Fundsmith challenges fund fee norms with new trust - Fund management company will absorb all launch costs for Smithson Investment Trust

04 September, 2018 | By Claer Barrett

Fundsmith, the fund management business set up by veteran City stockpicker Terry Smith, says it will absorb all of the launch costs of its new £250m investment trust in a move that will reignite the debate over investment fees charged to retail investors.

Investors Chronicle - Buffett Mk 2.0

21 February, 2014 | By Mr Bearbull

If you are wondering how to put together a portfolio of equity investments, you could do worse than visit the website for Fundsmith and download lots of relevant documents. These will give you an insight in a particular type of equity investing that I will caricature as ‘Buffett Mk 2.0’.

What Terry Smith IS SAYING

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.

What did you invest in before the war, great grandpa?

07 March, 2014 | By Terry Smith

In this centenary year of what contemporaries called the Great War and we now call the first world war – because it became necessary to number them – what can we learn from the changes in the constituents of the stock market over the intervening century?

Big Blue investors may not have a winning hand

22 February, 2014 | By Terry Smith

In 2011, the legendary investor Warren Buffett caused a stir by announcing Berkshire Hathaway’s first major investment in a technology company, an area of the market he had always avoided, claiming that he didn’t understand it.