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
  +8.50p +0.73% 1,169.00p 1,165.00p 1,173.00p 1,174.00p 1,164.00p 1,164.00p 100,016 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 4.1 0.4 0.1 12,988.9 315.97

Fundsmith Emerging Share Discussion Threads

Showing 201 to 224 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
13/11/2017
12:21
mad foetus - I agree they should drop their fee. If I recall correctly they said they would start with this fee and then maybe evaluate it if the fund increased to a certain size. I think the IPO level was £200m and now it is about £280m. However, in reality I think they will be loath to cut their fee. It is seen as a sign of weakness to do so. The only real threat is if this goes to a large discount then a hedge fund or agitator comes in and calls for change in the form of lower fees or buy backs. In terms of the performance it is worth noting that part of it is due to issuing new shares at a premium. We have also had dividends reinvested over the period. So on balance the overall performance is lacklusture since the IPO. However, this could just be the cyclical nature of markets.
trytotakeiteasy
13/11/2017
09:22
I may drop them a line suggesting that, in light of the lacklustre performance, they should consider reducing their fees. Would urge others to do the same.
mad foetus
09/11/2017
19:17
I see they have added LSE listed DP Eurasia, good move IMHO.
spacecake
01/11/2017
11:49
Fundsmith are launching a Sustainable Equity Fund today. "For the last three years, Fundsmith has been running a sustainable equity segregated mandate for Comic Relief the portfolio of which will form the basis for FSEF. This portfolio has compounded in value by 23.9% p.a.1, almost the same as the Fundsmith Equity Fund over the same period." https://www.fundsmith.co.uk/news/article/2017/11/01/fundsmith-sustainable-equity-fund-launches
zho
29/10/2017
09:45
An outbreak of euphoria hits US tech stocks again while much of the news from emerging markets is gloomy, Asian flu, Trump vs China, North Korean situation, rising commodity prices which don't favour terry choice of stocks. I dont think this portfolio is exposed to high speed electronic supply chain investments, otherwise known as the internet.
spacecake
29/9/2017
13:53
mad foetus - I am not sure Terry's explanation holds water. If you look at FEET's top holdings they have performed well in the last five years. FEET has performed poorly. I think the explanation may be poor stock selection for some of the smaller holdings in the Trust. I think the Trust has bought very expensive consumer staple stocks in developing markets. The ongoing fee is also relatively high for the Trust. Another factor is that there is quite high country risk given that many of the holdings are exposed to only one country. In my view the explanation isn't only as Terry states but is in reality partly due to poor investment management. With the Trust not paying a dividend the returns over the long-term have been pretty dire.
trytotakeiteasy
28/9/2017
13:41
I think there are two things here - First, general tone that EMs are more likely to deliver returns than DMs in the near future, Second, worries about the dominance of passive investors (trackers, but more so ETFs) and what will happen in a downturn. Here, his view is, I think sound but we might have longer to wait than we think before vindication. Taking both into account, maybe FEET should be one foot in EMs? My other (a bigger foot) is UEM which is a decent divi payer and performer. Both eschew banks and similar financials!
jonwig
28/9/2017
13:00
I think I may die of boredom following this Trust. Not sure why their performance has been so lacklusture.
trytotakeiteasy
08/9/2017
10:05
Just noticed Terry Smith purchased 30000 shares at 1156 the other day. Now holds 530000.
aa29
28/8/2017
04:48
Shares in Fundsmith Emerging Equities (FEET) are trading at their biggest-ever discount, as their remarkable rating since the fund's launch three years ago wobbles. Shares in the trust were yesterday trading hands at £11.47, 2.9% below net asset value (NAV). Not so unusual, you might think, and particularly not for an emerging markets trust, where double-digit discounts tend to be the norm. But any discount on shares in the trust, run by star fund manager Terry Smith, is a rare occurrence. Since its launch in June 2014, when it soared to a double-digit premium, they have only previously traded below NAV for three short periods: on 2015's China-fuelled 'Black Monday', when China fears re-emerged at the beginning of 2016, and in the aftermath of the Brexit vote. Yesterday's 2.9% discount contrasts with a 12-month average premium of 1.4%, which has reached a high of 5% over the past year. That gives the shares a Z-score of -3.7, placing them right at the top of the 'cheap' list of investment trusts compiled by Numis Securities. Http://citywire.co.uk/investment-trust-insider/news/investment-trust-watch-terry-smiths-feet-stumbles/a1044067
peterbill
09/8/2017
12:08
Thanks for the link. Whats going on with the 1% discount at the moment? Share price should be at about 1190 based on recent premiums to NAV
samuelcafc
09/8/2017
05:46
FEET wants to make a bigger footprint in India: Http://citywire.co.uk/investment-trust-insider/news/feet-wants-to-make-a-bigger-footprint-in-india/a1040568?ref=investment-trust-insider-latest-news-list
jonwig
04/8/2017
05:51
Since IPO, we've given up relative performance and income. The only serious reason fore holding is the argument that the fund will be resilient in a market fall. Terry Smith has given good arguments that it will be and I'm willing to hold for the present on that basis. But thank goodness I hold UEM as well.
jonwig
03/8/2017
22:04
Interim results !
spacecake
20/7/2017
14:47
You could always buy some EMIM
arf dysg
30/6/2017
05:33
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
09:25
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
19:59
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
08:31
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
12:22
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
07:49
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
19:09
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
12:57
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
10:17
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
Chat Pages: 9  8  7  6  5  4  3  2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20171122 20:39:26