Fundsmith Emerging Equities Trust


Market Cap£385m

Last Close 1465p

More Fundsmith Emerging Equities Trust content >

Investment summary

Fundsmith Emerging Equities Trust (FEET), an emerging markets (EM) consumer theme focused investment trust launched in 2014, has recently undergone a gradual, but notable transition. In May 2019 Michael O’Brien and Sandip Patodia took over day-to-day management from Terry Smith, to focus full-time on FEET. The trust, which has evolved with the emerging consumer story since launch, has retained the same strategy: to own high-quality, consumer-focused companies. A number of changes of emphasis have been made. The managers have made the portfolio more focused by number of holdings (38 at end-December 2020) yet have diversified it by theme and sector. The managers stress that the fund suits patient investors with a long-term time horizon, as the underlying strong portfolio fundamentals should eventually come through in superior performance, regardless of market momentum.

Content on Fundsmith Emerging Equities Trust
Fundsmith Emerging Equities Trust – Sticking to its guns
Investment companies | Initiation | 29 January 2021
View more
Register to receive research on Fundsmith Emerging Equities Trust as it is published
Investment companies
Access more Investment companies content
Share price graph
Price performance
Actual 5.4 7.7 29.1
Relative* 6.8 7.7 3.8
52-week high/low 1510.0p/1102.5p
*% relative to local index
Key management
Martin Bralsford Chairman
David Potter non-executive director
Michael O’Brien Portfolio manager
Sandip Patodia Assistant portfolio manager