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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.

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