Inactive Instrument

Fundsmith Emerging Equities Trust plc

Equities

FEET

GB00BLSNND18

Fundsmith Emerging Equities Trust plc Announces Audited Earnings Results for the Year Ended December 31, 2018

March 21, 2019 at 05:46 pm IST

Fundsmith Emerging Equities Trust plc announced audited earnings results for the year ended December 31, 2018. For the period, the company reported loss for the year of GBP 9,054,000 or 37.12 pence per basic share compared to profit for the year of GBP 52,936,000 or 219.49 pence per basic share a year ago.

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Company Profile

Fundsmith Emerging Equities Trust plc is an investment trust. The Company provides shareholders with an attractive return by investing in a portfolio of shares issued by listed or traded companies which have the majority of their operations in, or revenue derived from, developing economies and which provide direct exposure to the rise of the consumer classes in those countries or to the broader social and/or economic development of those countries. It maintains a portfolio diversified by issuer concentration and its portfolio normally comprise 25 to 40 investments. Not more than 40% of its gross assets can be invested in shares issued by companies domiciled in any single jurisdiction and not more than 5% of the Company's gross assets can be invested in shares issued by any single company. Its holdings in any combination of shares or deposits issued by a single company or fund does not exceed 20% of its gross assets overall. Fundsmith LLP is the investment manager of the Company.

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