Fundsmith Equity drops out of interactive investor's top ten most-bought funds

First time since 2018

Terry Smith's Fundsmith Equity dropped out of interactive investor’s top ten most-bought funds in August, marking its first absence since the platform began tracking the most popular investments in 2018.

Kyle Caldwell, funds and investment education editor at interactive investor, said that despite Fundsmith Equity outperforming the wider global market since its launch in November 2010, performance has lagged global markets over the past couple of years. "Fundsmith Equity manager Smith, like other professional investors, is continuing to face into the headwind of global stock market returns being heavily influenced by a small number of US technology companies," he said.  Small-cap resurgence not enough to turn investors away from US technology trend Passive funds remain a favorite ...