Fundsmith Equity Fund underperforms again - is Terry Smith still a winner?

The short-term returns of the Fundsmith Equity fund have been poor but it still seems to be delivering for investors

investing pounds
(Image credit: Getty Images/krisanapong detraphiphat)

It has been another tough six months for investors backing fund veteran Terry Smith.

The Fundsmith Equity fund, managed by Smith with £24.6 billion of assets under management, is a favourite among investors and of the top funds purchased by DIY investors each month.

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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.