How many Fundsmith OEICs are there?

Prism

aroominyork wrote: »

You know the answer to that... Would you buy at a 10% discount? If not, sell. But that's one of those easy-to-say aphorisms.

If it wouldn't tip me over my desired EM allocation then yes I would. I bought some more this year at about 5% discount. There is nothing worrying me about the fund but I will have to see what the new managers change if anything.

aroominyork

The market doesn’t seem to have your patience. FEET had stayed within a 5% premium/discount band since 2016 until Terry announced in May that he was stepping back, when the discount rapidly widened. Despite the trust’s lacklustre performance the market appears to prefer Terry at the helm than the two managers who had been assisting him since its launch. I wonder how much time the board will give them, and whether they will reduce the focus on consumer staples.

AnotherJoe

aroominyork wrote: »

One? Yes, that's what I thought too, complemented by a couple of ITs (FEET and Smithson). I just found out there is a second fund, Fundsmith Sustainable Equity Fund, launched in November 2017 with a mandate of not investing in businesses which have substantial interests in any of:

• Aerospace and Defence

• Brewers, Distillers and Vintners
• Casinos and Gaming
• Gas and Electric Utilities

• Metals and Mining
• Oil, Gas and Consumable Fuels
• Pornography

• Tobacco.

It has £300m AUM and performance is very close to Fundsmith Equity, but it is not sold through Terry Smith's friends at HL, though ii does market it.

It has 24 holdings, many of them the same as the main fund, though I guess holding both funds could be a way to get a tiny bit more diversification. What do you think (eh, Prism)?

IMO sustainable is a misnomer, ethical is what this is,
!!!!!!,, gambling and alcohol are very sustainable.