Smithson Investment Trust, once heralded as a premier investment vehicle, is undergoing significant changes following the announcement that 59 per cent of its shareholders have opted for a cash exit.
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Terry Smith has reaffirmed his commitment to his investment strategy despite his flagship fund experiencing its fifth successive year of underperformance. The Fundsmith Equity portfolio, which manages £16 billion in
Terry Smith, the noted stockpicker behind the £17.5 billion Fundsmith Equity Fund, has issued a stark warning that a future sell off could prove even more severe than the aftermath
