One of the most popular investment funds for UK investors with over £21bn invested has revealed its biggest gainers for the month of September.
The Fundsmith Equity fund managed by Terry Smith has a solid reputation for only investing in around 20 to 30 blue-chip shares with a view to a long-term hold and little chopping and changing.
This focused approach to picking shares has helped the Fundsmith Equity fund produce an annualised return of nearly 20%.
The biggest gainers for the fund last month were:
The biggest fallers for the fund last month notably included some of the biggest names in technology:
- Intercontinental Hotels Group