Share Name Share Symbol Market Type Share ISIN Share Description
Fundsmith Emerging Equities Trust LSE:FEET London Ordinary Share GB00BLSNND18 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1,174.00p 1,170.00p 1,178.00p - - - 11,196 11:58:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 4.1 0.4 0.1 13,044.4 288.36

Fundsmith Emerging Share Discussion Threads

Showing 176 to 199 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
20/7/2017
15:47
You could always buy some EMIM
arf dysg
30/6/2017
06:33
Just got around to watching this and agree with those observations. Rarely has the first part of the maxim of the stock market being a voting machine in the short term and a weighing machine in the long term been more clearly demonstrated. Just need the second part to now be proved.Considering topping up on any weakness, this looks like one of the few areas of the market with value.
mad foetus
08/6/2017
10:25
hector - very interesting, thanks. At around 25 min is an explanation of relative underperformance vs. index, which I find very convincing.
jonwig
07/6/2017
20:59
ASM Video released https://www.youtube.com/watch?v=n1DxxocQxns Most of it we have heard before but there is a good Q&A section from about 35:50 with some quite probing questions from savvy investors. Still confident, despite under-performance (Slides are available from the FEET website)
hectorscrackhouse
26/5/2017
09:31
He must have said something the market likes. I asked the company when video will be available - answer at least a few weeks time, as needs to be edited :-(
papy02
25/5/2017
13:22
Did anyone attend yesterdays AGM, due to work commitments I was unable to attend and I wondered how Terry described the year, valutions and foward returns?
edwards9
01/5/2017
08:49
hectorscrackhouse, Thanks for the link. Many interesting points there. Here's a comment I posted elsewhere: One point touches on FEET (Fundsmith’s emerging markets trust whose separate AGM is this month) and index-tracking ETFs, which have attracted more than 100% of new funds going into emerging markets over the last 3 years i.e. investors have withdrawn money from managed funds to invest in ETFs. This lead to a doubling in price of Samsung (the largest company in the Morgan Stanley Emerging Markets Index) during 2016 despite if having a dreadful year (exploding S7 batteries, product recall and production stoppage, US networks refusing to offer the S7, the Federal Aviation Authority forbidding S7s on flights, even when switched off, Samsung head offices raided and corruption charges against senior board members). Active fund managers bemoan the rise of ETFs but Terry Smith sees it as an opportunity, as long as investors are patient, and he points out that the average ROCE (Fundsmith’s key metric) on the MSEMI is 12% against 41% for FEET. If you’re interested, that discussion starts at 1.24.
zho
30/4/2017
20:09
Been invested in fundsmith equity for a few years now adding along the way. Not touched FEET yet. I hope he doesn't do a Woodford and open several different funds each with a different focus. Strikes me Woodford has taken his eye off the ball with numerous different funds now.Terry Smith really is what the UK fund industry was crying out for. The more I read up on him and watch him being interviewed the more I learn.....and it's all adding greatly to the end game for me in recent years.
brahmsnliszt
29/4/2017
13:57
Thanks Hector I've shared the link in relation to the pet sector on PVG forum as it's a high growth pet company
hydrus
22/4/2017
11:17
The main Fundsmith Fund ASM 2017 was posted yesterday htTps://www.youtube.com/watch?v=4qNZa-77YXY&t=24s&ab_channel=Fundsmith He does touch upon some things of interest to FEET - Mauritius 0:23.30 -Some specific FEET material from about 1:20:00 -Some material on Moat issues in respect to portfolio constituents and disruptive change 0:53:55 -Pet Food and Pet Perversion in general 1:35.00 It's all worth a look, although regular viewers will know it is repetitive, year to year.
hectorscrackhouse
10/4/2017
12:49
I have recently bought some FEET for my SIPP. Refreshing approach, which in the long-run should do well. Who cares about the short term. I would like to put some cash in the Equity Fund too, but waiting for a better entry.
mnomis
03/3/2017
10:37
The main fundsmith vehicle is my biggest investment and yesterday the Unit price hit 320p, exactly double my average purchase price. Given that it was supposed to be the safest part of my portfolio and has ended up being the best performing, to say I am delighted is an understatement.not sure what to make of FEET, but given his track record And the confidence he had that FEET will outperform fundsmith I feel I owe the concept a few more years yet.
mad foetus
03/3/2017
10:30
and of course all the sports people moving to Monaco/Switzerland isn't about avoiding tax. They just like it there. I think Terry Smith has a good track record. He seems to be a "self-styled rebel" with the Accounting for Growth book. However, the broking business he was involved in after that had a lot of mixed quality companies as clients. Emblaze for example whose CEO went to jail. If he cared about the brokers' fund management clients why have companies like Emblaze? In Fundsmith he has railed a lot against other fund companies but hasn't cut Fundsmith's fees despite the increase in assets. His opinions seem to "coincide" with his own interests in the same way that Donald Trumps opinions also coincide with his interests. Having said all that the performance of the main Fundsmith fund is excellent and he has really shaken up the industry. We are lucky to have a fund like Fundsmith to invest in against the backdrop of a generally dire fund management industry. In my view, Mr Smith has made a lot of good moves such as by having no performance fees and adopting a high quality company and low turnover strategy. Not everyone liked Steve Jobs but he transformed the smartphone market.
trytotakeiteasy
03/3/2017
09:18
montyhedge nails it: https://www.ft.com/content/04f82560-ff63-11e6-8d8e-a5e3738f9ae4 Terry Smith, now 63, is apparently tired of London. A Companies House filing this week revealed that the pugnacious pro-Brexit East Ender — who ran stockbroker Collins Stewart, founded asset manager Fundsmith (and is an occasional FT columnist) — has been resident in Mauritius since January. One friend tells City Insider: “He’s not getting any younger. He wanted to take life a bit easier.” Fundsmith, originally and unaccountably registered with Companies House as “Funsmith” back in 2010, now has nearly £10bn of assets under management. It has had an office on sun-kissed Mauritius for the past three years. Smith said the location is a logical one for investing in Indian and other Asian assets for the group’s small emerging equities fund. More than that, he finds it “helpful” being “away from the noise of London”. The tax regime should be pretty helpful, too. The Indian Ocean island has a 15 per cent tax rate for companies and individuals alike. Last year, the bulk of the administrative expenses of the UK-based Fundsmith group (£29.4m out of £38.8m) were paid to the Mauritian entity, which employs five of the group’s 20 staff. That cut UK profit (distributable to partners, led by Smith, and then taxable) to £2.8m, down 78 per cent. What fun, Smith.
jonwig
02/3/2017
15:29
He's 63 first step to retirement perhaps.
montyhedge
02/3/2017
15:19
It is in a good time zone for London and has lots of double tax treaties, though I'm not sure that is relevant for Fundsmith. Also, there are lots of accountants and fund administrators there and it is generally regarded as a gateway for investment to both India and Southern Africa. It may be that FEET invests through a number of subs and it is simpler for working out things live whether division can be paid gross to have shares owned through Mauritian subs. That would be my guess.
mad foetus
02/3/2017
14:28
Is physical travel relevant these days?
jonwig
02/3/2017
12:17
Interesting thing in The Times yesterday about the shift to Mauritius. Smith says it is easier to trade Asian markets from there. Probably makes some sense for FEET. However, for the main Fundsmith fund I thought the idea was to have a low turnover so the ability to trade shouldn't be important. An 12 hour flight to Mauritius from London. Not really sure I am convinced about the rationale for a move to the Island. Any thoughts?
trytotakeiteasy
02/3/2017
06:47
Http://citywire.co.uk/money/the-day-terry-smith-s-feet-stumbled/a996214?ref=citywire-money-latest-news-list
jonwig
19/2/2017
14:11
My concern is that if the market decides EM consumer staples deserve a lower PE of say, going from 35 to 25, over a ten year period, this one would go nowhere.
danieldruff2
19/2/2017
13:20
Good Terry Smith article in FT Money. Puts more flesh on his argument that the EM rally so far has benefited large cap and cyclical stocks, rather than the good businesses FEET invests in. I invested more in FEET on Friday. I agree (hope) that performance to date is Graham's "voting" stage, and am prepared to wait for "weighing" to take effect in the longer term. Though I'd welcome more detail from TS on how the FEET portfolio is doing on fundamentals. Bit of an act of faith atm.
papy02
16/2/2017
16:57
Not the first time at a discount. I bought in Jan,June, and Nov 2016 at a discount (plus unfortunately other times at a premium)
papy02
16/2/2017
14:07
Moving to a discount for the first time
mad foetus
31/1/2017
22:41
Mozy123 - Not sure what I think about Fundsmith's move to Mauritius..possibly necessary to avoid tax on holding Indian shares. However, could be as a tax avoidance strategy for the owners of Fundsmith. Perfectly legal no doubt but not great for the UK government. Any thoughts? The praise for the Mauritius time zone for buying and selling seems odd given that Fundsmith is a long-term investor.
trytotakeiteasy
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