Terry Smith: The keys to equity investing in 2012
Most investors would be better off using index funds than active managers, but high quality corporates can still prosper in 2012, according to Terry Smith.
His Fundsmith Equity fund returned 7.5% in the year to 30 December 2011, according to Morningstar, versus an IMA Global sector average fall of 9.5%. Smith said the fund's performance had been driven...
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