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% 1,140.00p 1,125.00p 1,140.00p - - - 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.0 1.4 4.1 276.7 298.17

Fundsmith Emerging Share Discussion Threads

Showing 251 to 275 of 275 messages
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DateSubjectAuthorDiscuss
17/10/2018
08:06
Meanwhile .... Terry Smith beats Woodford with record £822m Smithson launch Terry Smith has raised a record £822.5 million for his new Smithson investment trust, beating the previous peak set by Neil Woodford’s Patient Capital trust three years ago. https://citywire.co.uk/money/terry-smith-beats-woodford-with-822m-smithson-launch/a1165948
zho
12/10/2018
10:07
mmm down 2.5%ish yesterday to 10.77. so maybe wed move was an outlier
llef
12/10/2018
07:42
Essentialinvestor - yes that's true, but still surprising that NAV rose on wednesday. guess the stocks are more defensive (in keeping with ethos of founder) and hence more resilient in times of panic?
llef
11/10/2018
14:40
WO, it's 1 day behind surely. Apologies for any ambiguity.
essentialinvestor
11/10/2018
14:20
Amazingly NAV ps actually went up yesterday slightly, now £11.
wirralowl
11/10/2018
09:39
Very true :-)
wirralowl
11/10/2018
09:32
There is unlikely to be much of a discount on today's update.
essentialinvestor
11/10/2018
09:13
Yeah, now a 3.7% discount to yesterday's NAV of 1094p. A small top up for me in my SIPP (pretty confident in this LT too!), but agree we could be heading sub £10.
wirralowl
11/10/2018
08:10
What a difference a day makes, eh. The premium struck me as borderline bizarre. Had a small amount, heading under £10?.
essentialinvestor
10/10/2018
14:12
Longer term this will do very nicely would expect, however heavily focused India atm, so short term a lot may depend on Indian equity markets.
essentialinvestor
09/10/2018
11:05
isn't the performance here a bit poor? NAV up 10% in 4.5 years? no divis in the interim either? just sticking the cash on depoist in dollars would have achieved a better return for shareholders!
llef
09/10/2018
09:17
NAV is falling faster than a teenage boys jeans in a whoar house atm - excuse the baseness.
essentialinvestor
08/10/2018
09:20
NAV taking a battering.
essentialinvestor
05/10/2018
12:43
FT: Selling in emerging market stocks failed to let-up on Friday, a day after the asset class faced its worst day since February, with investor concern mounting over a pick-up in global developed market bond yields. MSCI’s broad EM stocks gauge, which tracks equities in two dozen countries, dipped 0.65 per cent on Friday, adding to the 2.4 per cent sell-off the previous day. EM equities dropped into a bear market in August, having fallen more than 20 per cent from the January peaks. There had been a modest rebound since then; however, MSCI’s index is now headed back towards 2018 lows. A heavy sell-off in the market for developed market bonds and a rise in the greenback have been blamed for the latest jolt of turbulence. Yield on a wide-ranging Bank of America Merrill Lynch basket of DM sovereign paper has risen 7.6 basis points (0.076 percentage points) to 1.573 per cent this week — the largest rise in more than a year. Higher DM yields are often bearish for EM companies since it increases the costs they pay for funding and makes it costlier to rollover existing debt. Juan Prada, strategist at Barclays, said despite the “mild pressure” on some markets this week, sentiment towards EM has been improving. This has come amid a stabilisation in several key hotspots, including Turkey and South Africa. Other upbeat factors have included the tri-lateral trade agreement between the US, Canada and Mexico — the latter being a major EM. The rise in oil prices have provided a mixed blessing, “as oil importers are fighting inflationary pressures and larger energy trade deficits, while oil exporters are reaping the windfall,” said Mr Prada. However, Mr Prada is still cautious on the asset class, saying on Friday, “we recommend resisting the instinct to ‘buy the dip’”. “EM sentiment has benefited from a string of constructive developments, but we do not believe that the elements that warrant a more cautious approach towards EM have dissipated,” he said. Https://www.ft.com/content/1d0df122-c86e-11e8-ba8f-ee390057b8c9
jonwig
05/10/2018
12:05
Sold out a few weeks back, if these got down near 10.50 again, would be tempted to buy back some. Still trading on a nice premium to NAV.
essentialinvestor
07/9/2018
05:46
I don't think so - though the timing of the new trust isn't so good! EM woes have caught up with him!
jonwig
06/9/2018
21:07
Any reason for the drop, related to the new fund ?
spacecake
04/9/2018
08:43
The Smithson Investment Trust: https://www.investegate.co.uk/smithson-inv-trust/rns/intention-to-float/201809040700176442Z/ and the FT comment: Fundsmith, the fund management business set up by veteran City stockpicker Terry Smith, says it will absorb all of the launch costs of its new £250m investment trust in a move that will reignite the debate over investment fees charged to retail investors. The Smithson Investment Trust will target small and mid-cap global companies, and is intended to be the “son of” Fundsmith’s £17bn equity fund, which has grown rapidly since its launch nearly eight years ago to become one of Europe’s 20 largest actively management funds. Fundsmith said it would “bear all of the costs” associated with the planned launch of Smithson next month, meaning that for every £10 invested in the issue, shareholders “will receive £10 of value on day one of trading”. “We’ve never seen another example of this in the market,” said Mr Smith. “Presumably that means some people in the investment trust world might be upset, to which I say ‘oh dear’.” As the investment manager, Fundsmith will charge an annual management fee of 0.9 per cent based on Smithson’s market capitalisation, not the commonly used measure of net asset value. “We think funding the upfront costs is the reasonable thing to do, as we are going to get fees over the years for managing this. Assuming the fund is successful, we will recoup our investment,” said Mr Smith, who is personally investing £25m into the new vehicle. Active managers have come under fire for charging retail investors high investment fees when, in many cases, the performance of their funds has been beaten by low-cost passive funds which merely track an index. Since its launch in 2010, Fundsmith’s equity fund has beaten its benchmark, returning more than 20.3 per cent on an annualised basis compared with 14.4 per cent for the MSCI world index. Mr Smith said that at launch, Smithson would target a portfolio of 25 to 40 global companies with a market capitalisation between £500m to £15bn which could “compound in value over many years, if not decades”. He highlighted the consumer goods sector, healthcare and IT as sectors where investments would be particularly targeted. “When Fundsmith made its first investment in Domino’s Pizza, it was a £1.8bn company, but today it’s worth £12.5bn,” Mr Smith said. “We could still buy it — but how about the next Domino’s?” He mentioned Wingstop, the $2bn Nasdaq-listed fast-food chain, as a possible contender but said the sheer size of Fundsmith’s £17bn equity fund meant that “we would have to buy a third of the company, a road to ruin in terms of liquidity”. Such issues prompted the launch of the new vehicle. Other smaller stocks that Mr Smith said could meet the new trust’s investment criteria included Fevertree, the upmarket UK tonic brand; Ambu, the Danish healthcare company that is the world’s biggest manufacturer of disposable endoscopes; and Amadeus, the Spanish airline and travel reservations business. Smithson will be led by two fund managers Fundsmith hired from Goldman Sachs last year — Simon Barnard, the trust’s investment manager, and Will Morgan, its assistant investment manager. Mr Smith will provide “advice and support” to the management team in his capacity as chief investment officer of Fundsmith, the company said. Https://www.ft.com/content/437ce926-b00e-11e8-8d14-6f049d06439c
jonwig
02/9/2018
12:11
Thanks Goyathlay, something new appears to be brewing, see the story from FS agmhTTp://m.citywire.co.uk/money/terry-smith-hints-at-plan-to-target-smaller-companies/a1096764
edwards9
31/8/2018
10:11
Terry Smith article today hxxps://www.fundsmith.co.uk/news/article/2018/08/31/financial-times---busting-the-myths-of-investment
goyathlay
16/8/2018
06:42
@ Peterbill - at December 2017, it had 0.2% of its portfolio in DP Eurasia NV, incorporated in the Netherlands, principal place of business Turkey. So not much, I'd say. But India is its biggest country holding and the rupee has been weak recently.
jonwig
16/8/2018
03:14
Anyone know what exposure to Turkey FEET has?
peterbill
10/7/2018
08:30
Yes, many thanks Mozy. It’s also on FEET.co.uk Bit strange there is no q&a.
papy02
10/7/2018
07:46
Thanks for posting Mozy, been waiting for that. :)
jbarker5555
09/7/2018
20:08
https://www.youtube.com/watch?v=UkI7DzlwTXM&t=0s
mozy123
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