Asset Management

Terry Smith pockets £30m after profits soar at Fundsmith

Accounts filed with Companies House show profit at Fundsmith soared by 84% to £48.5m to the end of March 2020

Terry Smith continues to see strong appetite for his flagship Equity fund, which is the UK’s largest overseeing £23bn
Terry Smith continues to see strong appetite for his flagship Equity fund, which is the UK’s largest overseeing £23bn

Terry Smith, one of the UK’s most popular stock pickers, pocketed £29.7m last year following a surge in profit and revenue at his asset management boutique.

Accounts filed with Companies House show profit at Fundsmith soared by 84% to £48.5m to the end of March 2020, up from £26.4m during the previous 12 month period.

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