Terry Smith to Launch Global Smaller Companies Trust

Terry Smith is launching a third fund - Fundsmith Smithson. The closed-end fund will invest in around 30 small and mid-sized global companies

Emma Wall 4 September, 2018 | 10:51AM
Facebook Twitter LinkedIn

Terry Smith is launching a new investment trust Fundsmith Smithson small mid-sized companies closed-end fund

Fundsmith is launching a new closed-end fund next month, investing in global small and mid-sized companies. The investment trust will be called Smithson and will invest in companies too small for Fundsmith Equity to hold, typically between £500 million and £15 billion in market capitalisation. The trust will be run by Simon Barnard and Will Morgan, who joined Fundsmith in 2017 from Goldman Sachs. Terry Smith will oversee the strategy in his role of chief investment officer of the firm.

Smithson is seeking to raise £250 million, with Smith investing £25 million himself, alongside a further £5 million invested by Fundsmith employees.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
BMO Global Smaller Companies Ord167.61 GBP-0.71Rating
Edinburgh Worldwide Ord310.17 GBP-2.31Rating
Fundsmith Emerging Equities Trust Ord1,390.84 GBP-2.40Rating
Fundsmith Equity I Acc6.41 GBP-0.73Rating
Sainsbury (J) PLC286.90 GBP0.00Rating
Xerox Holdings Corp20.89 USD0.00Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement