Five funds taking on Fundsmith – and winning
A number of smaller rivals are snapping at the heels of Fundsmith Equity
6 May 2021 • 7:00am
Britain’s largest fund is also one of its most successful. Since its launch in 2010, Terry Smith’s £24bn Fundsmith Equity fund has made its investors 485pc, more than double the return of the global stock market.
But a number of smaller rivals are snapping at the heels of Fundsmith and can claim to have beaten the returns of their better-known peer over the past five years.
While Fundsmith Equity’s 141pc return over that period still comfortably beats the 103pc from the MSCI World index, a barometer for global stocks, 33 rival funds investing in the global stock market have performed better.
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Plans to build a new housing estate of 120 homes in Symington have been lodged.
The planning application from Banks Property will go in front of South Ayrshire councillors next week.
Value stocks are resurgent, lifting the funds that back them
The turnaround in stock markets as lockdowns ease, lifting the shares of companies hit hardest by the pandemic, has sent funds that were languishing at the bottom of the performance charts last year surging to the top of the table.
The rebound in the shares of “value” companies, such as high street retailers, banks and leisure and hospitality firms, follows prolonged poor performance and heavy falls last year.
Funds that back them racked up losses for their investors and trailed rivals in 2020 but have now sprung into life. Among funds investing in British stocks, 60 which were among the bottom 25pc performers last year are now in the top 25pc for 2021.