Today news
About the same in other media
Fundsmith Equity fund sells long-term holdings in Diageo and Apple in 2024
Reading now: 357
In the fifteenth annual letter to his clients, Terry Smith, the manager of the £22.7bn Fundsmith Equity strategy, said the fund disposed of its holdings in Diageo, «which we had owned since inception». This came following «problems with [Diageo's] new management, shown by a lack of information about its Latin American business», Smith said, which resulted in poorer performance compared to the sector in this area. Fundsmith's profit decline forces Terry Smith to take second pay cut «Moreover, we suspect the entire drinks sector is in the early stages of being impacted negatively by ...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
UK equity funds suffer ninth-year of outflows in 2024 investmentweek.co.uk /2 days ago
Greenland says despite Trump’s threats and son’s visit, they aren’t for sale globalnews.ca /2 days ago
New Zealand vs Sri Lanka Live Score: 2nd ODI of Sri Lanka tour of New Zealand, 2024/25 to start at 06:30 AM livemint.com /2 days ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
