IN BRIEF: Fundsmith Emerging Equities NAV up 18% on year before

Fundsmith Emerging Equities Trust PLC - invests in consumer-oriented companies in developing ...

Alliance News 5 August, 2021 | 12:28PM
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Fundsmith Emerging Equities Trust PLC - invests in consumer-oriented companies in developing countries - Net asset value per share rises 18% to 1,487.0 pence as at June 30 from 1,262.3 pence a year ago. NAV total return including reinvested dividends is 2.0%, down from 4.3% year-on-year. Profit before taxation GBP10.4 million, down 29% from GBP14.6 million. No interim dividend is proposed in line with last year.

"Our investment manager believes that the company's portfolio remains well placed to benefit from the long‑term trends driving the growth of the consuming classes in these markets, most notably growing populations becoming more affluent, consuming more and ultimately undergoing changes in their tastes which lead to both the development of premium products and the growth of new areas of markets," says Chair Martin Bralsford. The trust believes its long-term approach should deliver "attractive returns" for investors.

By Josie O'Brien; josieobrien@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Fundsmith Emerging Equities Trust Ord 1,462.50 GBX -0.17

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