Fundsmith Emerging Equit... Share Discussion Threads

[goyathlay] 08/1/2020 18:56

thanks for the link, Essential.

As long as he is making me money, he could be a serial killer for all I care.

[essentialinvestor] 07/1/2020 11:43

I'm in going to argue with that!.

[goyathlay] 07/1/2020 10:45

Makes for a startling comparison, the performance of the Main Fund, Smithson and FEET





FEET = DEAD MONEY

[goyathlay] 07/1/2020 10:42

Terry's buying a new share for his main fund.

Anyone out there have any ideas what it could be?

[essentialinvestor] 31/12/2019 10:34

Looks like heading back below £11 shortly?.

Dreadful year.

[essentialinvestor] 27/12/2019 17:41

I added 5,000 shares on the 19th @ 10.8269, now got rid of all of those.

NAV got a bump up on GBP weakness just before Christmas.

See what 2020 brings, not particularly hopeful tbh, which may be a good sign!.

[spacecake] 27/12/2019 10:43

We know we own good companies but annualised share price return since inception is less than UK bonds and less than EM index funds, at what point does this become an utter failure ?

[wskill] 26/12/2019 11:15

Sorry for whatever reason I seem to have voted the post down was only trying to return to the previous page can you undo this?voted the post up that seems to have done the trick.

[essentialinvestor] 19/12/2019 15:09

With £ now sinking I'm hoping this we'll get some support.

[psync] 17/12/2019 16:16

Apologies I'm embarrassing myself here, just trying to explain my first comment. EMIM is the GBP valued listing for EIMI. I took the numbers from the EIMI factsheet for which the base currency is USD in post #366. If you strip out currency movements then FEET has had comparable performance to EIMI. However, GBP denominated FEET should also have benefited from the poor performance of the pound to the same degree that EMIM has, so the relative performance must be much worse given the disparity in the charts (EMIM is around 40-50% ahead since 2014)

I'm going to crawl back into my hole before someone calls me an idiot.

[essentialinvestor] 17/12/2019 16:01

From memory the average portfolio holding is Over £3 billion in market cap,
so if Terry hands over to someone else, it should be relatively easy to reconfigure. Obvs that's entirely speculation.

I hold SOI and they are issuing shares Above NAV on the daily atm.

[psync] 17/12/2019 14:36

Hmm, actually disregard my comment. I was just comparing the charts which seemed to show EMIM ahead on every time scale, but looking at the factsheets the relative performance for the annualised returns are much closer.

[essentialinvestor] 17/12/2019 14:24

The other possible contra Buy caseis if Terry handed over to
someone like Schroders, etc. Given the current NAV discount.

[essentialinvestor] 17/12/2019 11:28

Contrarian buy case?... India growth accelerates, non cyclical holdings
outperform during the next recession, Increasing exposure to the healthcare sector may be interesting.
NAV discount closing.

[psync] 17/12/2019 09:59

Serious question, is there any reason to hold this alongside iShares Core MSCI EM IMI (EMIM) which has beaten this on every timescale since 2014? Is there some contrarian play here that could pay off in the long term?

[essentialinvestor] 13/12/2019 12:31

That FX moves strips about 15/16 pence from NAV(at the time of posting). Test of the October 2018
lows on the way? - or any different views...

[essentialinvestor] 08/12/2019 16:05

Holding 4,000 shares atm and looking for a test of near October 2018 lows to add.

From memory we got down to 10.65 approx?.

[essentialinvestor] 06/12/2019 11:01

FEEt might test the October lows?.

Surprised it had held above £11 as mentioned.

[essentialinvestor] 05/12/2019 16:38

Well need to sit down with that massive buy!.

I bought 400 today lol.

Surprised it's not under £11 to be fair.

[llef] 05/12/2019 16:35

Calling EssentialInvestor... :-)

The Company has been notified that on 5 December 2019, Michael O'Brien, the Company's Portfolio Manager at Fundsmith LLP, the Company's Investment Manager, purchased 1,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of £11.1025 per share.



As a result of the transaction, Mr O'Brien holds a total of 20,925 Ordinary Shares.

[essentialinvestor] 02/12/2019 12:37

Sold some @ 11.37 bought last week.

Under 11.15 will have another look, if available.

[essentialinvestor] 29/11/2019 11:02

Has the new fund manger Michael O'Brien or his assistant Sandip Patodia
bought any shares recently?..

Given the discount to NAV etc.

[essentialinvestor] 28/11/2019 12:19

Looked briefly at SGEM last year, 18% NAV discount now,
Luckily did not buy it.