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Fundsmith/Imperial Brands

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Sue58
Sue58 Posts: 288 Forumite
Fourth Anniversary 100 Posts Name Dropper
in Savings & investments
I see from the Fundsmith monthly factsheet that Terry Smith has exited on Imperial Brands even though the current share price is fairly low? Is this because he is happy to concentrate on Philip Morris as his tobacco giant holding or has he lost confidence in Imperial; Brands?

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  • Prism
    Prism Posts: 3,848 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    I imagine he has been selling for months and in some ways influencing the lower price. Its probably due to IB selling to the US whereas Phillip Morris don't sell anything to the US.
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