Bringing you live news and features since 2006 

Terry Smith, CEO, Fundsmith

Fundsmith launches first UCITS IV Luxembourg SICAV feeder fund

RELATED TOPICS​

Fundsmith is the first UK fund management company to use the recent UCITS IV legislation allowing them to launch a regulated SICAV feeder fund in Luxembourg. 

The Fundsmith Equity Fund Feeder provides investors who prefer to invest offshore, or through a SICAV, access to the Fundsmith Equity Fund whilst ensuring that the costs of running the funds are kept to a minimum as Fundsmith is able to manage a single pool of assets.  

The Fundsmith Equity Fund was launched in November 2010 by Terry Smith. For the past year, the Fund has outperformed by 10.4% delivering a return of 12.1% vs the MSCI World’s 1.7% return. It is the main vehicle for Smith’s own investments, and offers investors the opportunity to invest alongside him in a high quality, concentrated portfolio of 20-30 resilient global growth companies which are held for the long term.  The portfolio has no benchmark or sector constraints. The Fund charges a flat 1% AMC, if bought direct plus minimal trading costs due to Fundsmith’s long term buy and hold investment strategy.

Investing via the SICAV Feeder will incur an identical Annual Management Charge (AMC) as investing directly in the UK OEIC thus preserving the low cost structure.

Smith says:“ We are delighted to come to the market so quickly with our SICAV. The UCITS IV directive allowing a master-feeder structure is excellent news for private client managers and offshore investors as it provided us with an efficient solution to allow investors their preferred vehicle whilst maintaining a single pool of assets and low AMC."

Latest News

Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..
First Trust has announced the launch of the First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February GFEB..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by