|Growth of 1,000 (ZAR)|
|Category: Global Large-Cap Blend Equity|
|Category Benchmark: MSCI World NR USD|
|Morningstar Category™||Global Large-Cap Blend Equity|
|Fund Size (Mil)|
|Share Class Size (Mil)|
|Max Initial Charge||-|
* This rating and report were issued for a different share class of this fund. The performance and fee structure of this class may vary from that referenced.
The Fundsmith Equity fund remains an attractive choice for investors seeking global equity exposure.
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|Investment Objective: Fundsmith Equity R Inc|
|"The fund’s objective is to achieve long term growth in value, investing in shares of companies on a global basis. The fund’s approach is to be a long-term investor in its chosen stocks and it will not adopt short-term trading strategies. The fund aims to invest in businesses: • that can sustain a high return on operating capital employed; • whose advantages are difficult to replicate; • which do not require significant borrowing to generate returns; • with a high degree of certainty of growth from reinvestment of their cash flows at high rates of return; • that are resilient to change, particularly technological innovation; • whose valuation is considered to be attractive; The fund will not invest in derivatives nor hedge any currency exposure. "|
|Fund Benchmark||Morningstar Benchmark|
|MSCI World NR GBP||MSCI World NR USD|
|Portfolio Profile for Fundsmith Equity R Inc||31/12/2016|