View the article online at http://citywire.co.uk/wealth-manager/article/a753247
Fundsmith seeks £250m for EM trust launch
by Robert St George on May 27, 2014 at 13:29
As examples of retailers that are of interest, he cited China’s Sun Art and Price Smart in Central America. Among brewers, Smith pointed to Chile’s CCU and ThaiBev.
Fundsmith has calculated that historical returns from its investable emerging markets universe would have been 265.5% over the past five years, compared with 69% from the index. Over the past three years they estimate potential returns of 29.9% while the index dropped 11.9%, and on a one-year view the strategy would have lost 10% compared with the index’s 10.2% fall.
Through the existing Fundsmith Equity fund, Smith tops the 254-strong Citywire Global Equities sector over the past three years, having returned 54.1% compared with a peer group average of 19%. The fund also boasts the best maximum drawdown in the sector.
Smith will work alongside head of research Julian Robins on the new emerging markets trust and a team of four other analysts. Robins founded Collins Stewart’s New York office in 1999.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
The Citywire guide to investment trusts
Investment trusts have proved to be a highly effective way to invest in the market. Citywire has interviewed the experts to find out more.
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the funds
Look up the fund managers
More from us
On the road
J.P. Morgan Elect on investment growth, income and cash. More information on J.P. Morgan investment trusts.