Fundsmith Equity Class I - Accumulation (GBP)
Our view on this Fund
This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Smith has built an impressive long-term track record and we believe he uses a simple and straightforward investment approach. The fund doesn't currently feature on the Wealth Shortlist though. To conduct our analysis, we require regular access to the fund manager and up-to-date, monthly portfolio data, which some fund groups, including Fundsmith, choose not to disclose. We can't, however, make an exception to our process, so we won't be considering the fund for the list as things stand.
Given how long Smith has been in the industry, questions around his retirement are natural. Over the years he has made hires and surrounded himself with a tight knit team. Plans for his succession are in place but for the moment he remains integral to Fundsmith. At their last annual general meeting (AGM) Head of Research Julian Robbins, a long-term colleague and friend was named the 'first line of defence' as and when Smith does eventually decide to step back.