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Old 12.05.2017, 10:56
Enohzee Enohzee is offline
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Re: Question regarding Fundsmith

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One is a UK asset & one is not, both are T class. I hold both & the I class through Hargreaves Lansdown. The I class ends up being the most expensive due to HL's fees. Interestingly since the last discussion here it's beaten both the S&P 500 & Nasdaq 100.

I invested in the Luxembourg fund for 2 reasons :-

1: 80% of my expenditure is in Euros, so no need for multiple conversions, whilst large transactions are cheap, bank charges will use up any savings on small transactions.
2: I did not wish to hold UK assets, as I wished to loose UK domicile, however after leaving CH my UK domicile of birth has returned.
Out of interest, what is the benefit of holding some with Fundsmith directly and some with HL separately?
HL must be around 0.4% more per year in fees I imagine with mgmt. fees?
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