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After it raised record-breaking sums from investors when it floated in 2018, the Smithson Investment Trust has had a torrid 2022 so far. The £2.5bn fund, which invests in global small and medium-sized companies, has struggled over the past 12 months, with its assets falling in value by 19pc. This compares with a 20pc drop from rivals and a 7pc loss by its sister fund Fundsmith Equity, which is managed by renowned investor Terry Smith and focuses on much larger companies.

Beware of emails purporting to be from Fundsmith which have fake reply addresses using the domain fundsmithequity.com

Fundsmith’s founder and Chief Executive, Terry Smith, and Fundsmith Equity Fund have been recognised with award wins by City A.M. and Morningstar, respectively.

Fundsmith LLP (‘Fundsmith’), the fund management company founded by Terry Smith, announces the appointment of eight new Partners from across its portfolio management, research, operations and sales teams.