Fundsmith Equity fund underperforms again - is it still a winner?

Fund veteran Terry Smith has underperformed for the third successive year. Is it still worth backing his high-quality portfolio?

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(Image credit: Getty Images)

The Fundsmith Equity fund is a favourite among investors and while regularly posting positive returns, it has underperformed the MSCI World Index over a five-year period.

The portfolio, run by industry veteran Terry Smith, regularly ranks among the top equity funds on investment platforms.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.