Fundsmith Equity withholds name of new stock allocation

Withheld until ‘desired weighting’ is hit

Eve Maddock-Jones
clock • 1 min read

Fundsmith Equity made a new portfolio allocation in March, but is currently withholding the name of stock until a bigger position has been built up.

In a monthly portfolio comment update posted on the fund's website, Fundsmith stated: "We began buying a new position for the fund, the name of which will be revealed when we have accumulated our desired weighting". Fundsmith has been contacted for any further information. Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits Comparing the factsheets for March and February, the fund's top ten holdings remain the same. According to the notice, Novo Nordisk, Microsoft, McCormick, Alphabet and Amadeus were the top five contributors for the period, whereas IDEXX, Brow...

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


More on Funds