Terry Smith has launched a new investment trust – but does it pass my three-question test? asks David C Stevenson.
Terry Smith is a canny operator. The analyst, author (he wrote the seminal investment book Accounting for Growth) and financial services entrepreneur (he’s built up vastly different businesses, such as broker Collins Stewart and fund manager Fundsmith) has spotted yet another great opportunity.
The launch of his new investment trust, Fundsmith Emerging Equities Trust (FEET), has been brilliantly timed. I’ve been thinking about raising my exposure [...]
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