Terry Smith

Nationals round-up: Terry Smith delivers on his promises, a comparison of equity release and downsizing and what the eurozone crisis means for your clients.

The rumpus over ETFs just won't die down. Every week, another new skirmish breaks out, with the latest bruising delivered by expert pugilist Terry Smith of Fundsmith.

Terry Smith, founder of Fundsmith, warns ETFs face a range of problems from potentially misleading investors to exposing buyers to counterparty risk.

Fundsmith founder and manager Terry Smith has warned of the "pernicious danger" underlying ETFs, months after labelling the product an "investment fad" that investors misunderstand.

New asset management company Fundsmith has released its inaugural shareholder letter revealing the Fundsmith Equity Fund has gained 6.14% net of fees since November.

Fundsmith founder Terry Smith, who was once rated the City's top bank analyst, says there is "not a chance" he would invest in the highly problematic banking sector.