Tracker funds are turning 50 – will they make it to 100? Markets Vanguard launched its first ever tracker fund 50 years ago this month. Since then, they have had an enormous impact on the way our capital markets function – and now make up more than half all fund-held assets. Ali Lyon asks: will they be as popular when they turn 100? The 1976 launch of the [...]
Terry Smith dubs weight-loss giant Novo Nordisk ‘investment disaster’ Investing Star stockpicker Terry Smith has dubbed weight-loss giant Novo Nordisk an “investment disaster” less than two years after he dumped his entire Diageo stake over fears that GLP-1 users would ditch alcohol. The veteran investment manager, who runs the Fundsmith Equity fund, has said that he regrets his investment in the Danish pharmaceutical firm. “Novo [...]
Star stockpicker Terry Smith dumps entire Unilever holding after McCormick mega-merger Retail One of Britain’s best-known fund managers has dumped his holding in Unilever worth hundreds of millions of pounds, accusing the consumer goods giant of abandoning its traditional shareholders in favour of activist-driven deals like last month’s McCormick mega-deal. Terry Smith, the star stockpicker behind the £12.5bn Fundsmith Equity Fund, sold out of his position in [...]
Terry Smith: Reeves must drop tax hikes to attract UK investment May 6, 2025 Star fund manager Terry Smith has called on Chancellor Rachel Reeves to cancel her tax hikes to make investment in the UK more attractive. Smith, who runs the £20bn Fundsmith Equity fund, argued that to boost the quality of UK companies the government should “reverse a lot of the policies that are in place with [...]
Fundsmith: UK’s biggest fund overtaken by St James’s Place February 11, 2025 Fundsmith Equity, which has been the largest investment fund in the UK for more than five years, has finally been overtaken by St James’s Place. St James’s Place’s Polaris 3, one of the funds in the wealth manager’s multi-asset range, became the first in the UK to reach £30bn in assets at the end of [...]
What went wrong for Fundsmith Equity in 2024? January 3, 2025 Fundsmith Equity, the largest investment fund in the UK, registered its fourth consecutive year of underperformance in 2024. Terry Smith’s £22.6bn fund returned just 8.9 per cent last year, compared to 20.8 per cent for its benchmark, the MSCI World Index. This drastic underperformance followed a similar trend from previous years. The fund underperformed its [...]
Terry Smith’s £23bn fund falls out of favour after Magnificent Seven misstep November 5, 2024 Terry Smith’s £23bn equity fund has once again fallen off a list of the UK’s most-bought investment vehicles after failing to cash in on the performance of the ‘Magnificent Seven’ tech stocks, new analysis suggests. The Magnificent Seven refers to a group of US tech giants, including Alphabet, Meta and Nividia, that have seen stratospheric [...]
Fundsmith Equity plummets down most bought list as passives dominate October 15, 2024 Fundsmith Equity, the largest investment fund in the UK, fell 12 places down Interactive Investor’s most bought list in the third quarter of 2024, as passives cemented their majority on the list. The £23.8bn fund, run by star fund manager Terry Smith, fell from eighth on the list to 20th, the biggest movement of any [...]
Scottish Mortgage no longer most bought trust as Fundsmith Equity claws back 10th October 2, 2024 Scottish Mortgage is no longer the most bought investment trust in the UK, according to the Interactive Investor Most Bought List, as the popular retail pick falls into second. The growth trust was eclipsed in September by Blackrock World Mining, a commodities-focused trust which is up 15 per cent in the last three weeks and [...]
Fundsmith Equity falls out of most bought list for the first time September 3, 2024 Fundsmith Equity, the largest investment fund in the UK ran by star manager Terry Smith, has fallen out of Interactive Investor’s most bought list for the first time ever. The list has been tracking the top ten most popular equities, funds and trusts on the platform since 2018. Fundsmith Equity topped the list as recently [...]