Fundsmith Equity slips further down ii most bought list

Falls to fourth place

Fundsmith Equity has slipped further down interactive investor's most-bought fund list, dropping to fourth place in December, although it remains the bestseller for 2023.

Royal London Short Money Market first took the top spot in October 2023, where it remains, while the £22.7bn Terry Smith fund has since been further overtaken by L&G Global Technology Index and Vanguard LifeStrategy 80% Equity. The top ten list now includes seven tracker funds, five of which are Vanguard's. Other than Fundsmith's drop, the top ten list remained unchanged from November. UK M&A fuelling 'relentless' de-equitisation drive Kyle Caldwell, collectives editor at interactive investor, said: "Although Fundsmith Equity has slipped down our fund bestsellers table since it wa...