Diageo, Fundsmith
UK's Fundsmith says it shed Diageo over management issues, weight loss drugs
Britain's Terry Smith made public for the first time on Thursday why his fund dumped its Diageo stake last year, citing problems with its new management and early signs that weight loss drugs threatened the drinks sector.
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 ...
Fundsmith Equity fund has sold out of its stakes in Diageo, McCormick and Apple, amid disappointment with the companies’ ...
Britain's Terry Smith made public for the first time why Fundsmith Equity Fund dumped its Diageo stake last year.
Other losses came from McCormick, Diageo, Mettler-Toledo and Brown Forman ... L’Oréal and IDEXX Laboratories. Terry Smith has a loyal following and a strong reputation and with assets under ...
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