Fund Management
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.