Comments on: Smithson Does Nothing: As Promised https://www.itinvestor.co.uk/2019/08/smithson-does-nothing-as-promised/ Exploring the world of investment trusts Wed, 21 Aug 2019 18:53:05 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: ITinvestor https://www.itinvestor.co.uk/2019/08/smithson-does-nothing-as-promised/#comment-618 Wed, 21 Aug 2019 18:53:05 +0000 https://www.itinvestor.co.uk/?p=2712#comment-618 In reply to Michael Blake.

Thanks, Michael.

Good memory on the dealing cost commentary from TS. Looks like it was on page 10 of the 2018 short-form report.
https://www.fundsmith.co.uk/docs/default-source/documents—reports-accounts/2018-short-form-report-for-the-twelve-months-ended-31st-december-2018.pdf?sfvrsn=4

]]> By: Michael Blake https://www.itinvestor.co.uk/2019/08/smithson-does-nothing-as-promised/#comment-585 Fri, 16 Aug 2019 08:32:09 +0000 https://www.itinvestor.co.uk/?p=2712#comment-585 Thanks for the great write up and nice to see someone remember the relatively high charges Fundsmith have on all of their current offerings. Terry Smith covers this by saying that they add only a very small amount to cover dealing costs etc whereas others have higher additional charges and thus higher fees overall. There’s a good explanation of it in his 2018 annual letter iirc.

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