Fundsmith Emerging Equities closure: 'Not everything he touches turns to gold'

Set to wind up in November

clock • 5 min read

Following yesterday’s (14 September) revelation that the £319m Fundsmith Emerging Equities investment trust (FEET) would be entering a voluntary liquidation, industry experts were divided on the decision.

Investment trusts being wound up is not uncommon and many would argue that it can be the right thing to do when a portfolio reaches the end of its useful life. Dzmitry Lipski, head of funds research at interactive investor, said: "Darwin has always been alive and well in the investment trust world, but investors should not necessarily see this as a bad thing. "Rather than a seeing a failing strategy linger on, independent boards of directors of investment trusts are there, in part, to help ensure there is still a market and purpose in a particular strategy. "It can be far better to...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot