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Retail investors won’t be allowed to invest in Fundsmith’s latest fund despite the asset manager’s previous two products being big hits with the general public.
Fundsmith has launched its third product called Fundsmith Sustainable Equity Fund. It will only be available to institutional investors such as pension funds and they will each need to invest at least £5m under rules stipulated by the asset manager.
The fund will feature the same portfolio as one run by Fundsmith for charity Comic Relief over the past three years.
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