Terry Smith adds world-leading luxury goods holding to Fundsmith Equity
Portfolio's 30th holding
Terry Smith of Fundsmith
Star manager Terry Smith has added a holding in LVMH Moët Hennessy Louis Vuitton to his £23.2bn flagship Fundsmith Equity fund – a portfolio known for its low turnover and high concentration.
The Paris-headquartered luxury goods stock, which has a market cap of £233bn, owns more than 72 brands and subsidiaries in total, including Dior, Givenchy, Sephora, Fendi and Veuve Clicquot. LVMH was...
More on Unit trusts/OEICs
Back to Top
