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  #121  
Old 21.02.2019, 14:08
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Re: Question regarding Fundsmith

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-wait until 30th March when the GBP may become cheaper (assuming a crash out of EU) or
Won't comment on rest, but you don't need to wait for 30-Mar on account on above. The portfolio is 88% non-UK stuff. So you are not really buying into GBP, it is only a denomination currency, not the risk currency (the portfolio does not hedge anything).
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  #122  
Old 04.03.2019, 13:08
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Re: Question regarding Fundsmith

to anyone investing in the fund in Luxembourg: does anyone know what the upcoming change on 29.03 is about? can you explain in layman terms, and what the effects would be? thanks!
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  #123  
Old 04.03.2019, 13:25
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Re: Question regarding Fundsmith

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to anyone investing in the fund in Luxembourg: does anyone know what the upcoming change on 29.03 is about? can you explain in layman terms, and what the effects would be? thanks!
Can you share your communication?, my post is being redirected in an unreliable manner. I doubt it's important & can't see anything on the website. Looks like we are at an all time high in Euros up 13.7% YTD
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  #124  
Old 04.03.2019, 14:27
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Re: Question regarding Fundsmith

it could be important as I it came with registered letter with counter-signature. I'll try to remember to scan it tonight.
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  #125  
Old 04.03.2019, 15:25
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Re: Question regarding Fundsmith

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it could be important as I it came with registered letter with counter-signature. I'll try to remember to scan it tonight.
OK I got mine today, as they only have a handful of investors it's cheaper to send all regulatory stuff by registered post.

Due to the possibility of a no deal BREXIT, Fundsmith LLP a UK company, will not manage the fund, so a Luxembourg company FUNDROCK will become the manager. FUNDROCK will then appoint Fundsmith LLP who in then will appoint Fundsmith investment services limited.

State Street Luxembourg will continue its role.

The changes won't impact investment decisions in any way, Terry Smith will still be taking all the decisions from Mauritius as he has done since 1 January 2017
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  #126  
Old 04.03.2019, 19:22
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Re: Question regarding Fundsmith

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OK I got mine today, as they only have a handful of investors it's cheaper to send all regulatory stuff by registered post.

Due to the possibility of a no deal BREXIT, Fundsmith LLP a UK company, will not manage the fund, so a Luxembourg company FUNDROCK will become the manager. FUNDROCK will then appoint Fundsmith LLP who in then will appoint Fundsmith investment services limited.

State Street Luxembourg will continue its role.

The changes won't impact investment decisions in any way, Terry Smith will still be taking all the decisions from Mauritius as he has done since 1 January 2017
They mention something about the Luxemburg fund no longer being a feeder but directly investing. What is the effect of it? Does it mean movement of fund in EUR will match that of GBP?
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  #127  
Old 04.03.2019, 19:48
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Re: Question regarding Fundsmith

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They mention something about the Luxemburg fund no longer being a feeder but directly investing. What is the effect of it? Does it mean movement of fund in EUR will match that of GBP?
Increase of security for investors, one member here did say the risk of a feeder fund was higher.

The daily valuation of the funds do match already except for slightly higher fees in Luxembourg. The main assets of the fund are listed in USD, the daily values are then converted to £ & €.

The £ has strengthened this year which explains the YTD gain of £ fund plus 8.9% & the € fund plus 13.7%. The investments are the same just different reporting currencies.
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  #128  
Old 04.03.2019, 19:51
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Re: Question regarding Fundsmith

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Looks like we are at an all time high in Euros up 13.7% YTD
which means it will crash soon, and time to buy in?
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  #129  
Old 04.03.2019, 20:22
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Re: Question regarding Fundsmith

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which means it will crash soon, and time to buy in?
It's been making all time high throughout the 8 year history since inception.

Original price 100.00p
Today it's 409.29p

Stock markets go up over time you can completely ignore market fluctuations as over the long term they are irrelevant. Holding cash will have a far greater effect on your wealth over time.
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  #130  
Old 20.03.2019, 12:25
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Re: Question regarding Fundsmith

Fundsmith 2019 ASM now available

https://www.youtube.com/watch?v=d3cRr318ve4
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