Property News · December 30, 2017

Terry Smith – the man who beat the market in 2017


With a £1,000 investment in Fundsmith in 2010 you’d now be looking at a gain of 264%Terry Smith has emerged as Britain’s top investment performer once again after another year of stellar returns – while Neil Woodford languishes at the bottom of the tables after his worst year on the stock market for two decades.When Smith launched Fundsmith Equity in November 2010 he boldly promised it would be “the best fund ever”, and would give the “fat and complacent” fund management industry a bloody nose. It sounded like bluster and bravado, but he was true to his word. In 2017, Fundsmith Equity gave its investors a gain of just over 22% – easily outstripping the 10% investors would pick up from an index-tracking fund in the UK, or 12% from US trackers, where most of Fundsmith Equity’s money is invested. Continue reading…

Source : theguardian.com
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