Fund Management

Fundsmith Joins Hargreaves Lansdown’s Vantage Platform

Stephen Little Reporter London 9 April 2014

Fundsmith Joins Hargreaves Lansdown’s Vantage Platform

London-headquartered Fundsmith has made its Fundsmith Equity Fund available on Hargreaves Lansdown’s Vantage Service platform.

London-headquartered Fundsmith has made its Fundsmith Equity Fund  available on Hargreaves Lansdown’s Vantage Service platform.  

This brings the total number of platforms the fund is available on up to 14, including Ascentric, AXA Elevate, Cofunds Institutional, Cofunds Retail, Fidelity FundsNetwork, Moventum, Novia, Nucleus, Pershing Nexus, Skandia, Standard Life, Transact, and True Potential, Fundsmith said in a statement.

The Fundsmith Equity Fund was launched in November 2010 and offers investors a concentrated portfolio of 20-30 resilient global growth companies which are held for the long-term.

The T Class Accumulation Shares, in the three years ending 31 October 2013, delivered a compound return of 17.3 per cent per annum  and a total return of 61.2 per cent, outperforming the MSCI World Index (GBP, Gross) by 19.4 per cent, and the average IMA Global Equity Fund by 31.7 per cent.

Last month, Fundsmith appointed Sandip Patodia as an equity research analyst, alongside Michael O’Brien, Jonathan Imlah and Tom Boles, who joined in 2013.

The new equity research team will work for the Fundsmith Emerging Equities Trust, which is set to be launched later this year. The fund will invest in companies that have the same characteristics as the Fundsmith Equity Fund, but are mostly headquartered and listed in emerging markets. 

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