- Fundsmith Equity's performance woes have raised eyebrows
- How does the portfolio look now, and how might it fare?
With a total return of almost 330 per cent over the past decade, longstanding Fundsmith Equity (GB00B4Q5X527) investors will feel more than satisfied. But the UK's most popular fund has been more troubled in recent times, underperforming the MSCI World index for three calendar years in a row and attracting criticism as a result. That may leave holders more uncertain about the future than they have been for some time.
Long-term relative performance remains stellar: the fund has comfortably outpaced the 225 per cent gain from the MSCI World over the past 10 years, ranking third among the more than 250 global equity funds available to UK investors –no mean feat in an era dominated by a handful of US tech stocks.