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Old 12.05.2017, 13:55
EPMike EPMike is offline
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Re: Question regarding Fundsmith

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Hello,

as an EU investor living in Switzerland would you advise to invest in the T Class Acc GBP (ISIN GB00B4Q5X527, TER 1.06%) or in the SICAV equity fund feeder (T Acc Euro, ISIN LU0690375182, TER 1.29%)?

I have got in touch with the customer service of Fundsmith, however the lady I have spoken to was not familiar with the fund feeder.
According to her knowledge, the SICAV is managed in Luxembourg and it invests at least 85% or so in the Fundsmith fund.
I see two benefits of the feeder:
- you can make montly online payments below the 10'000GBP threshold. Eur transactions are usually free, so you can do some nice cost averaging there. Whereas the UK fund has a 10'000GBP lower limit to wire transfers.
- no need to transfer to GBP
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