Our Promise

Time and again, this strategist has finished the year as manager of the best global equity fund, usually ranking among the top three in his category. At the end of 2022, it was announced that Fundsmith is seeking to intensify its sales efforts on the continent. We decided to take this opportunity to speak with Terry Smith.

Having spent the first decade of my career working in a bank and then becoming a top-rated bank analyst, I find that people often express surprise that I never invest in bank shares. But I think it is precisely because I understand banks that I never invest in their shares. The recent events surrounding the collapse of Silicon Valley Bank (“SVB”) and Credit Suisse reinforce this stance. Why?

Fundsmith manager Terry Smith explains how the end of cheap money might affect the fund’s performance and what he plans to do with the portfolio.

Fundsmith manager Terry Smith gives an insight into where the best opportunities for his portfolio might be found in the future.