The Times - Cycle turns again towards Smithson Trust
The Times' Tempus column discusses Smithson Investment Trust.
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The Times' Tempus column discusses Smithson Investment Trust.
Beware of emails purporting to be from Fundsmith which have fake reply addresses using the domains; FUNDSMITH-CO.UK and ONLINE-FUNDSMITH.CO.UK
6 September 2021: Fundsmith LLP, the fund manager founded by Terry Smith in 2010, has been confirmed by the Financial Reporting Council (FRC) as a signatory to the UK Stewardship Code.
It follows the same process as the popular Fundsmith Equity Fund but invests in different stocks.
A fast-food chain that specialises in chicken wings and a rapidly growing pest-control business are the latest stocks to form part of the giant investment trust overseen by the star fund manager Terry Smith.
Fundsmith Equity Fund, the fund founded by Terry Smith in 2010, has been awarded a AAA Rating by Square Mile Research.
Questor investment trust bargain: Smithson, the Fundsmith for smaller stocks, proved itself during the pandemic last year The pandemic has provided Smithson, the global investment trust for smaller and medium-sized companies from the Fundsmith stable, with its first major test. And so far it has done exactly what it set out to do: it has delivered steady returns despite the sharp market sell-off in March.
Fundsmith LLP, the fund management company founded by Terry Smith, announces the appointment of Paul Mainwaring as Chief Financial Officer.
Smithson Investment Trust: two favourite stocks
Daily Mail - The Smithson Investment Trust: Terry Smith's listed fund focuses on small and mid-sized companies around the world including Fevertree. Read the Daily Mail's article on the Smithson Investment Trust.
Global smaller companies investment trust Smithson (SSON) smashed its benchmark in the first half of this year, outperforming by a wide margin despite market turmoil due to the coronavirus pandemic.
Smithson Investment Trust manager Simon Barnard says he felt “comfortable buying heavily” in the first six months of the year during which he added two names to the portfolio and the trust handsomely outperformed its benchmark.
There is a lot to lose and little to gain from market timing
I last wrote about the problems of so-called market timing in these pages in 2013 (Market timing: don't try this at home). With the Covid-19 pandemic dominating the news and recent volatility on world stock markets, you may have heard a lot about market timing again.
You may have seen some media articles about a new fund that we have recently registered, the Fundsmith Long/Short Fund. The fund has been set-up to manage a portion of Terry’s assets that had hitherto been invested in bonds where yields are now near zero. The fund is not run by Terry Smith or being marketed to investors.
Read the full statement...
Portfolio manager Simon Barnard tells us how he is piloting Smithson – the trust the star manager, Terry Smith, helped fund – through choppy waters.
Fundsmith investment trust delivers less than half the 23% falls seen in the MSCI index. The Smithson Investment Trust has revealed the stocks in its portfolio that have buoyed performance during the coronavirus sell-off as part of a remote presentation given during its first AGM.
The Smithson Investment Trust has held up better than many other equity funds because of its quality bias and focus on strong balance sheets.
Beware of emails purporting to be from Fundsmith which have fake reply addresses using the domains;
FUNDSMTH.CO.UK
FUNDSMTIH.CO.UK
FUNDSSMITH.CO.UK
FUNDSSMTH.CO.UK
In its first set of annual results since listing, Terry Smith’s fledgling investment trust Smithson has significantly outperformed its benchmark.
Read The Times' view on Smithson Investment Trust