Terry Smith defends Fundsmith Equity record after fourth year of underperformance
The £22.5bn fund rose by 8.9% in 2024, trailing both the MSCI World Index, up 20.8%, and the IA Global sector average of 12.6%
Laith Khalaf
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30-year gilt yields hit 27-year high
While 10-year gilts reached 2008 levels, causing concern over the state of public finances
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AJ Bell: Passive funds ‘eating the lunch’ of active managers
Just a third of active funds outperform passive across a decade
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AJ Bell: UK equity income funds trump global and tech peers since cost-of-living crisis
The FTSE 100 has more ‘jam today’ stocks which prospered in the market rotation, says AJ Bell’s Laith Khalaf
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Can we expect broader consolidation among investment trusts?
The investment trust sector is increasingly willing to take difficult choices to deliver shareholder value
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Spring Budget 2024: Pensions to disclose amount invested in UK equities
Industry commentators warn this could ‘backfire’ on British businesses
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AJ Bell: 36% of active funds outperform passive in 2023
Funds that outperform hold lower average fee than underperformers, according to the platform
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AJ Bell: Tracker fund charge discrepancies are eating into investor capital
Some tracker fund charges are costing 20 times the cheapest possible rate
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FCA: ‘Gaps observed in liquidity management’ could lead to ‘risk of investor harm’
Regulator warned that firms lack arrangements to combat market-wide redemptions
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Tracker funds dominate AJ Bell retail investor portfolios in H1 2023
Fundsmith Equity was the only active fund in the top 10 list