One of the questions that often gets asked about Smithson, Fundsmith’s global smaller company investment trust, is whether it is in danger of growing too large.
Exploring the world of investment trusts
One of the questions that often gets asked about Smithson, Fundsmith’s global smaller company investment trust, is whether it is in danger of growing too large.
Smithson’s shares are up more than 50% since it floated in October 2018 and its share count has risen 52%. It’s now approaching £2bn in market cap and it’s already become one of the 20 largest UK investment trusts.
Smithson, Fundsmith’s global small-cap investment trust, has had an eventful 2020. Its wild movements are a perfect example of why trusts can be a little bit tougher to own than other funds when the market goes through a rocky patch.
Smithson Investment Trust has made an impressive start on the London Stock Exchange with a return around triple that of its benchmark. But we shouldn’t get too carried away.
We finally get a first proper look under the bonnet at Smithson Investment Trust. Everything seems to be running smoothly, although of course it’s still very early days.
While it’s pretty easy to find a UK small-cap investment trust, pickings when it comes to global small-cap funds seem a lot slimmer.
Smithson Investment Trust more than doubles the amount it is looking to raise from £250m to £600m. And it could increase further to over £1bn.
Smithson Investment Trust, the new small and mid-cap fund from Fundsmith, is likely to be the most popular launch this year.
Fundsmith announces a new small-cap investment trust, Smithson, that will begin trading on 19th October. Here are my quick thoughts.
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