Funds Fan: why fund size matters, and Fundsmith challenger interview

Kyle Caldwell and Sam Benstead discuss the latest fund and investment trust news; including recent research from Morningstar that debunked the widely held view that funds with a large amount of assets underperform small funds. The duo also discuss investment trust gearing, and F&C Investment Trust’s promotion to the FTSE 100.

Later in the podcast, Sam interviews Gerrit Smit, fund manager of Stonehage Fleming Global Best Ideas Equity. It is a strategy where comparisons can be drawn to Fundsmith Equity – it invests in high-quality growth shares, has low turnover and is highly concentrated with fewer than 30 stocks. Sam and Gerrit discuss finding great companies, what a recession might mean for earnings of so-called quality companies, and why fund performance has been disappointing this year.

Visit www.ii.co.uk/funds and www.ii.co.uk/stock-market-news for more investing insight and ideas.

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