Terry Smith’s £23bn fund falls out of favour after Magnificent Seven misstep Investing Terry Smith’s £23bn equity fund has once again fallen off a list of the UK’s most-bought investment vehicles after failing to cash in on the performance of the ‘Magnificent Seven’ tech stocks, new analysis suggests. The Magnificent Seven refers to a group of US tech giants, including Alphabet, Meta and Nividia, that have seen stratospheric [...]
The Notebook: We have to talk more about money! Opinion Money remains a conversational taboo for many Brits, but if we want a country of investors, we have to talk about it, writes Camilla Esmund.
Fundsmith Equity plummets down most bought list as passives dominate Investing Fundsmith Equity, the largest investment fund in the UK, fell 12 places down Interactive Investor’s most bought list in the third quarter of 2024, as passives cemented their majority on the list. The £23.8bn fund, run by star fund manager Terry Smith, fell from eighth on the list to 20th, the biggest movement of any [...]