£3bn Smithson trust experiences first underperformance

Adds two US companies

Kathleen Gallagher
clock • 2 min read
Smithson is one of two trusts run by Terry Smith's Fundsmith
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Smithson is one of two trusts run by Terry Smith's Fundsmith

The £3bn Smithson investment company, run by Fundsmith, has underperformed its index for the first reported period since its inception in October 2018, as the manager adds two new investments and ditches one during the first half of 2021.

From January to the end of June 2021 the Net Asset Value per share (NAV) of the Company increased by 5.9% and the share price increased by 4.1%. Over the same period, the MSCI World SMID Index, the...

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