Fundsmith Emerging Equities Trust Plc

Name
Fundsmith Emerging Equities Trust Plc
Manager
Fundsmith LLP
Type
Closed Ended Investment Company
ISIN
GB00BLSNND18
Sector
Global Emerging Markets
Launched
25/06/2014
OCF
1.91 %
Risk Rating
1
3 Year Sharpe
0.44
3 Year Alpha
0.57
Yield
0 %
Benchmark
MSCI EFM GR USD
Fund Size
£ 324.38 million
NAV
1,237
Gearing
100
Discount Premium
1
The Company’s investment objective is to provide Shareholders with an attractive return by investing in a portfolio of shares issued by listed or traded companies which have the majority of their operations in, or revenue derived from, Developing Economies and which provide direct exposure to the rise of the consumer classes in those countries. A Developing Economy means any country other than those listed in the MSCI World Index.
Holding %
Britannia Industries Ltd 3.98 %
Eastern Tobacco 3.84 %
Godrej Consumer Products Ltd 3.56 %
Vietnam Dairy Products Jsc 3.53 %
Emami Ltd 3.53 %
Vitasoy International Holdings Ltd 3.28 %
Philippine Seven Corp 3.20 %
Hypera SA 3.06 %
Marico Ltd 3.06 %
Foshan Haitian Flavouring and Food Co Ltd Class A 2.88 %
Region %
Asia - Emerging 65.22 %
Africa 18.47 %
Latin America 8.50 %
Sector %
Consumer Defensive 70.60 %
Healthcare 10.90 %
Consumer Cyclical 10.77 %
Name
Fundsmith LLP
Address
W1G 0PW, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Terry Smith
Joined 06/25/2014

Terry Smith graduated in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974-83 and became an Associate of the Chartered Institute of Bankers in 1976. He obtained an MBA at The Management College, Henley in 1979. He became a stockbroker with W Greenwell & Co in 1984 and was the top-rated bank analyst in London from 1984-89. In 1990 he became head of UK Company Research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the publication of his best selling book Accounting for Growth. He joined Collins Stewart shortly after, and became a director in 1996. In 2000 he became Chief Executive and led the management buy-out of Collins Stewart, which was floated on the London Stock Exchange five months later. In 2003 Collins Stewart acquired Tullett Liberty and followed this in 2004 with the acquisition of Prebon Group, creating the world's second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged in 2006 with Terry remaining CEO of Tullett Prebon until September 2014. In 2010 he founded Fundsmith where he is CEO and CIO. In 2012 he was appointed a Member of the New Zealand Order of Merit for services to New Zealand-UK relations following the success of his campaign to commemorate the New Zealander, Air Marshal Sir Keith Park."

Data provided by Morningstar.

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