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 ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
