Manager Research
We provide detailed institutional-quality global investment manager research and fund ratings. Based in South Africa and the UK,
all members of our manager research team have over ten years of investment experience.
all members of our manager research team have over ten years of investment experience.
Fund Manager: Fundsmith
Date: 18 September 2017
Attendees: Conrad Rey
| Funds Reviewed | Old Rating | New Rating |
| Fundsmith Equity Fund | Tier 1 | Tier 1 |
We have retained our Tier 1 rating on the fund.
A key update in the business is Terry Smith’s (founder and CIO) move to Mauritius in January 2017. The investment team has always been split between London and Connecticut, and the distance hasn’t obstructed decision making in the past. However, we are uncomfortable with the addition of another geographical location for such a small team given the difficulties in fostering a strong internal culture, which is important for handing over the reins to the next generation in time.
Fundsmith Fund Reviewed
13 Dec 2017