Terry Smith: Why tobacco is one of my favourite ever sectors

Benefiting from government opposition and intervention

Laura Dew
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Terry Smith: Why tobacco is one of my favourite ever sectors

Veteran investor Terry Smith, manager of the Fundsmith Emerging Equities Trust (FEET), has highlighted tobacco as one of his favourite ever investment sectors, pointing to its strong long-term performance.

Smith (pictured) holds 7.5% in tobacco companies in his investment trust, including Egyptian firm Eastern Tobacco and Indonesian company Sampoerna. Tobacco firms are also prevalent within his £5.5bn...

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