Can Fundsmith Emerging Equities Find Its FEET?
I’m not the first writer to use this terrible headline to describe Fundsmith Emerging Equities (FEET). I suspect I won’t be the last either. Some four years after it launched, with its performance yet to truly impress, it seems a valid question.
I should start by saying that I’m a big fan of Terry Smith, who is Fundsmith’s CEO, and I am an investor in the main Fundsmith Equity Fund. I suspect I may well purchase Fundsmith Emerging Equities at some point, too, but I haven’t pulled the trigger yet.