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  #441  
Old 07.12.2019, 09:51
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Re: Investment fund

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the s&p 500 was to give an example


the vanguard VGT etf yields close to same(even higher if you include fees) as the fundsmith fund
Thats a technology fund, 99.9% US stocks far higher risk than Fundsmith so not comparable , Vanguard S&P 500 would be VOO which has significantly underperformed Fundsmith with fees.
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  #442  
Old 07.12.2019, 17:31
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Re: Investment fund

Just wondering, since Smithson is a closed fund, can you buy it via Interactive Brokers?
AS a side note, I have noticed that it currently trades at ~3.5% premium on NAV. It seems expensive.


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I really would not say it has, its portfolio like FS which has very little correlation with index funds so it's performance will always differ from the index, the idea is that on average it will out perform which it does do most of the time by a high margin. Terry Smith said at the first AGM he would expect his fund to significantly underperform when markets are very bullish & outperform when things are bad.

My Portfolio is currently
Fundsmith 50%
Smithson 30%
Lindsay Train 15%
legacy loadings 5%

I am about to buy an expensive property with my wife, I estimate my portfolio will be invested as follows afterwards

Fundsmith 41%
Smithson 38%
Lindsay train 18%
Legacy holdings 3%

Smithson should grow the fastest so will likely be my biggest holding in 12 months time.
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  #443  
Old 07.12.2019, 23:49
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Re: Investment fund

That is not expensive for a quality growth focused IT - lindsell Train is on a premium of 26% as a comparison
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  #444  
Old 08.12.2019, 08:35
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Re: Investment fund

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Just wondering, since Smithson is a closed fund, can you buy it via Interactive Brokers?
AS a side note, I have noticed that it currently trades at ~3.5% premium on NAV. It seems expensive.
The premium has beeb as high as 10% it's currently slightly below average in the 2-3% range.

It's traded on the LSE main market.
It's pried by supply & demand, supply is limited although they increased the size at launch 3.5 times what was envisaged & have issued additional shares since launch.
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  #445  
Old 08.12.2019, 10:21
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Re: Investment fund

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That is not expensive for a quality growth focused IT - lindsell Train is on a premium of 26% as a comparison
No matter how good it is, paying a 26% premium is a recipe for poor future returns.
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  #446  
Old 08.12.2019, 16:15
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Re: Investment fund

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No matter how good it is, paying a 26% premium is a recipe for poor future returns.
The LT IT ownes 25% of the fund manager LT, it's an unquoted holding & believed to be significantly undervalued as apposed to Woodfrod capital IT which is at a 48.95% discount as it's believed the assets are worth significantly less than stated NAV.
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  #447  
Old 09.01.2020, 21:14
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Re: Investment fund

so many good tips in this thread, thanks for all who contribute.

I've tried to purchase Fundsmith through Raiffeisen Zürich and it's obviously not available by searching, so I've put in this Valor number into a manual system where the transactions are carried out by human bankers:

ISIN LU0690375182
Valor Number 14378979
Fund Name Fundsmith Equity Sicav T EUR Acc
Fund Provider Fundsmith
Asset Class Equities
Currency EUR

The order ran into an annullation stating "this title can't be purchased".
Is it Raiffeisen making fun of me or am I doing something wrong?
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  #448  
Old 09.01.2020, 21:16
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Re: Investment fund

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so many good tips in this thread, thanks for all who contribute.

I've tried to purchase Fundsmith through Raiffeisen Zürich and it's obviously not available by searching, so I've put in this Valor number into a manual system where the transactions are carried out by human bankers:

ISIN LU0690375182
Valor Number 14378979
Fund Name Fundsmith Equity Sicav T EUR Acc
Fund Provider Fundsmith
Asset Class Equities
Currency EUR

The order ran into an annullation stating "this title can't be purchased".
Is it Raiffeisen making fun of me or am I doing something wrong?
Ask them, I bought equities from Post Finance that were not on their system, they fixed it in 24 hours.
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  #449  
Old 09.01.2020, 21:29
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Re: Investment fund

Buy it via State Street bank, with no commissions.
https://www.fundsmith.co.uk/global/eu/documents

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so many good tips in this thread, thanks for all who contribute.

I've tried to purchase Fundsmith through Raiffeisen Zürich and it's obviously not available by searching, so I've put in this Valor number into a manual system where the transactions are carried out by human bankers:

ISIN LU0690375182
Valor Number 14378979
Fund Name Fundsmith Equity Sicav T EUR Acc
Fund Provider Fundsmith
Asset Class Equities
Currency EUR

The order ran into an annullation stating "this title can't be purchased".
Is it Raiffeisen making fun of me or am I doing something wrong?
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  #450  
Old 10.01.2020, 01:19
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Re: Investment fund

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Ask them, I bought equities from Post Finance that were not on their system, they fixed it in 24 hours.
will call them tomorrow (this one is Raiffeisen)
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  #451  
Old 15.01.2020, 11:23
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Re: Investment fund

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Buy it via State Street bank, with no commissions.
https://www.fundsmith.co.uk/global/eu/documents
why not fundsmith uk directly?
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