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6 days ago · Respected stock picker Terry Smith addressed performance in the first half of 2024 in an update to Fundsmith Equity investors.
1 day ago · For example, Fundsmith ’s Terry Smith said last week that his global fund lagged behind its benchmark in the first half of the year after choosing to avoid the chipmaker because “we have yet ...
Avoiding Nvidia Causes Fundsmith Equity To Lag Behind Benchmark In First Half
Nvidia Corp (NASDAQ:NVDA) has been the subject of significant debate among investment managers, as highlighted by Terry Smith’s recent comments on his decision ...
Benzinga via Yahoo
7 days ago
The man dubbed ‘Britain’s Warren Buffett’ blames falling vet visits—not his refusal to back Nvidia—for poor performance of U.K.’s biggest fund
The man known as “Britain’s Warren Buffett,” thanks to his laser focus on finding value in the stock market, is flirting with accusations of taking his eye off the ball. Terry
Fortune via Yahoo
7 days ago
5 days ago · Smith told investors in his half-year update on the Fundsmith Equity fund that he had avoided Nvidia because its outlook was not predictable enough.
6 days ago · The UK's largest fund, Terry Smith's Fundsmith Equity is also among the funds with the largest allocation to consumer defensive stocks.
5 days ago · Smith told investors in his half-year update on the Fundsmith Equity Fund that he had avoided Nvidia because its outlook was not predictable enough. Obviously in the short term this has been a costly mistake, as Nvidia and four other big US tech stocks have accounted for more than half the S&P 500’s nearly 15% gain so far in 2024. Smith is swimming against the tide. Nvidia briefly became the ...
5 days ago · This week, Terry Smith – himself no stranger to mega-cap technology names – defended his decision to omit the artificial intelligence (AI) winner from the Fundsmith Equity (GB00B4Q5X527) portfolio, describing its outlook as insufficiently “predictable”. Lest that seem like a cop-out, it’s unlikely even the most evangelical Nvidia backer predicted the stock’s 750 per cent price ...
5 days ago · One is Terry Smith, star manager of the £25bn Fundsmith Equity portfolio. In the six months to the end of June, the fund returned a very healthy 9.3%. The problem was that the S&P 500 index in sterling terms returned 17% over the same period. And 25% of that return came from Nvidia alone!
