Looking forward to watch the annual shareholders meeting video 
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Why just watch the video - when you can attend in person? 
I also thought about joining the shareholder’s meeting. Did anyone receive information about it? I hold my shares in IBKR so may not get the communication
You’re totally right, if I would be in London I would totally join. I am sure they have a nice apero afterwards 
Off topic but @mabi’s comment made me grin: Tip for students: for the price of one share of any big swiss company+custody fees+some transportation cost, you get to have a buffet with enough leftovers for a few additional meals at their GA, once a year. You can then sell the share after graduation. 
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Since the topic was raised in another thread: here are the performance tables vs. benchmark for Fundsmith and SSON in GBP from the respective factsheets, as well as my calculation of annualised return since inception in CHF (FX rates from OANDA). Annualised return is ~2 to 2.5 % per year lower in CHF
FUNDSMITH IN GBP
Converted to CHF:
SMITHSON IN GBP
Converted to CHF
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I got sent this article on alternatives to Fundsmith that might be helpful.
My main issue is that none of the funds describe their strategy anywhere near as clearly as Fundsmith. It is difficult to tell if their out performance is just due to luck
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Guardcap Global Equity could be a similar vehicle to Fundsmith, similar strategy and porfolio construction
We believe that:
- Long-term sustained growth drives returns
- Quality protects against downside
- Valuation matters
Our investment strategies exploit a pervasive, ongoing anomaly in the way equity markets work: that markets focus primarily on the short-term future. They sometimes do not attribute sufficient value to the longer-term future earnings and cash flows of sustainably growing companies. Our investment strategies emphasise long-term thinking, long-term forecasting and long holding periods in order to exploit this.
This philosophy is applied through a fundamental, company selection-based process designed to create concentrated portfolios of companies, each having significantly better quality and growth characteristics than the market average, and each being undervalued in relation to its long-term future earnings and cash flows at the time of purchase.
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Did receive an invitation email on the 20th.
England has decided to do away with any testing or quarantine requirements. I’m tempted (though it’s on a weekday).
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Alright, I nibbled into a bit of their T class via IBKR.
Is the order usually carried out at the end of the day, or how does it work with mutual funds?
Edit: I read on Investopedia - after market close. 
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Can you please share the ticker for it? I bought some SSON this morning, but that’s different from the T class. I saw GB00B4Q5X527 in one of the screenshots at the beginning of the thread, but not sure if this is the right one.
Pricing and dealing is once per day at noon uk time. If you place the order in IBKR before ~11 am CET you should be sure to get today’s price
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This is interesting, you can trade it without having an account with them ? I should make some research and thought about this opportunity.
Nice, I also got some SSON this morning on IBKR. The only downside is the high commission fee for the LSE. I now paid 21.94 in commissions for this buy transaction…
What? Why?
4.5gbp for me.
No clue why you could get so cheap. Was it a small amount maybe? Here below is the screenshot of my order…
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When you buy UK shares 0.5% stamp duty applies, SSON is traded as a share as is FEET
Does not apply to mutual funds (Fundsmith)
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It depends on the order size. I bought 149 shares (wanted to buy 150, but it didn’t work due to fees) and paid 13.67 GBP in fees (which amounted to 0.55%). So I guess it’s the stamp duty of 0.5% plus LSE and/or IB fees of 0.05%.
Cheers!
Edit: just noticed that I don’t have trading permissions for mutual funds yet. So I guess Fundsmith “T” has to wait for tomorrow. That can be good or bad. Let’s see how the markets will move after the FOMC press conference today.
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That’s it, thanks for the enlightenment!
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