Fundsmith Equity I Acc
- Citicode
- LSX6
- Launch Date
- 01-11-2010
- Fund Size
- £22,890,917,904
- Yield
- 0.00%
- Ongoing Charge
- 0.94%
- Fund Managers
- Terry Smith
Fund Objective
The fund’s objective is to achieve long-term (over 5 years) growth in value, investing in shares of companies on a global basis. The fund’s approach is to
be a long-term investor in its chosen stocks and it will not adopt short-term trading strategies. The fund aims to invest in businesses:
• that can sustain a high return on operating capital employed;
• whose advantages are difficult to replicate;
• which do not require significant borrowing to generate returns;
• with a high degree of certainty of growth from reinvestment of their cash flows at high rates of return;
• that are resilient to change, particularly technological innovation;
• whose valuation is considered to be attractive;
The fund will not invest in other funds, property or derivatives nor hedge any currency exposure. The fund will not borrow money, except in unusual
circumstances. The fund is actively managed meaning that the fund manager uses their expertise to select investments to achieve the fund’s objective.
The fund does not track and is not managed by reference to any particular benchmark. The fund does not have any specific geographical or sector focus.
An investor, or prospective investor, may buy or sell their shares on demand each business day in the UK. Instructions to buy or sell received before noon
will be implemented that day; instructions received after noon or on a non-business day will be implemented at noon on the next business day.
For the Accumulation Shares, the dividends are reinvested in the fund. For the Income Shares, the dividends are paid out to you from the fund.
Top 10 Holdings
Asset Class
Fund Manager
Terry Smith
Start Date
01-11-2010
Bio
Terry Smith graduated in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974-83 and became an Associate of the Chartered Institute of Bankers in 1976. He obtained an MBA at The Management College, Henley in 1979. He became a stockbroker with W Greenwell & Co in 1984 and was the top-rated bank analyst in London from 1984-89. In 1990 he became head of UK Company Research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the publication of his best selling book Accounting for Growth. He joined Collins Stewart shortly after, and became a director in 1996. In 2000 he became Chief Executive and led the management buy-out of Collins Stewart, which was floated on the London Stock Exchange five months later. In 2003 Collins Stewart acquired Tullett Liberty and followed this in 2004 with the acquisition of Prebon Group, creating the world's second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged in 2006 with Terry remaining CEO of Tullett Prebon until September 2014. In 2010 he founded Fundsmith where he is CEO and CIO. In 2012 he was appointed a Member of the New Zealand Order of Merit for services to New Zealand-UK relations following the success of his campaign to commemorate the New Zealander, Air Marshal Sir Keith Park.
Data source:
All financial data is supplied by FE
Disclaimer:
Investors buying funds through Rosan Select are specifically buying without investment advice. The value of investments can fall as well as rise, and the investor may not get back the original amounts invested. If you have any doubt about whether a fund purchase meets your expectations or risk criteria, then you should contact invest@rosan-ifa.com our office to seek specific guidance.