Fundsmith Equity Fund

Indeed, that really would be easier as it sounds more complex and a lot of manual work (Fundsmith does not accept anything by email).

Stupid question but where or how do you find and then buy the Fundsmith T class fund at a broker? I am on IB and DEGIRO but I expect IB to be better for that purpose… I guess you also have first to change your CHF into GBP…

On IB, I believe only SSON is available, not Fundsmith. And yes, you need GBP to buy it.

FEET is also available (FEET FUNDSMITH EMERGING EQ TRUST LSE).

FEET and SSON are exchange-traded equities trust PLCs.
The „main“ Fundsmith funds are not.

I see the Fundsmith Funds under the “Fund” tab. But no idea if you can buy them.

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It seems we can now buy Fundsmith in IB see my post above. I have not yet done it yet but here is an order ticket. I would just need to click confirm:

image

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Notary public to get my passport certified. Evidence of address is straightforward by providing utility bill, bank statement / letter from bank, mortgage statement or lease agreement. Everything should be in English though.

There should indeed be a web interface, but I didn’t manage to look into (registering for) it yet.

With this I444363269 number I could also find it in IB but the chart is quite weird showing 5 only and a few dots. I don’t really get it.

I second @TrickMcDave 's comment.
On IB, Buy some GBP and then buy SSON on LSE. Easypeasy.
Cost = 6 GBP (it wasn’t a 5 figure BUY transaction)

Is the 4.95 GBP on the tiered-IB? I know it’s only a quid, but just curious about the difference.

Interested, however I dislike to click “Buy” based on such strange product charts :grimacing:

I checked and SSON is also available on DEGIRO but the fees would be higher. After my calculations buying 10k SSON would cost 9 EUR in fees. Here stamp duty is not included. What about stamp duty at IB, is it included in the fees?

Same here… but I guess that’s where the more risk → more volatility → maybe higher returns, kicks in :wink:

Considering the (active) investment funds/trusts - has anyone taken a look past Fundsmith, e.g. Baillie Gifford’s products?
Internets are also considering them a high performer.

If you are referring to the historical price chart these are often weird for open ended mutual funds on other platforms too e.g. Yahoo finance. Contact IB if unsure?

Yes, that’s exactly what I mean. So the T fund would it be that one on Yahoo Finance:

Hello @mabi ,
at IB USD 2 fee for buying GBP.USD.
Then 6 GBP IB-fee for buying SSON @ LSE plus 0.5% stamp tax.
i.e. once u have the pounds, for buying SSON for approx £5000 it’s £6 + about £24 = £30.

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Yes. To be sure you are looking at the right instrument you can copy and paste the ISIN code from Fundsmith webpage into search in Yahoo Finance or Interactive Brokers

Thanks for your detailed example, I guess I owe you a DEGIRO detailed example :wink: I’ll take here CHF 6000 to approximately match your £5000.

Forex GBP.CHF with AutoFX (0.1%): CHF 6
Buy SSON shares @ LSE (EUR 4 + 0.05%): EUR 7
UK stamp duty (0.5%): CHF 30

In total that would be around CHF 43 so IB wins again with lower fees…

I wonder on IB as I send my money in CHF there, can I directly convert my CHF into GBP? or do I need to pass from CHF to USD and then to GBP? Because in your example you mention GBP.USD.

I tried pasting I444363269 into Yahoo Finance guessing this is the ISIN number but nothing comes up, so actually I found the Fundsmith Equity Fund by searching for Fundsmith as keyword.

GB00B4Q5X527 Is an ISIN number that you can find on Fundsmith web page ->factsheet. I guess that I444* number might be an Identification code unique to IB
You can exchange from CHF to GBP in IB

A while ago - and again just a couple of weeks ago.
I particularly like The Monks Investment Trust.

Has been on my shortlist of active funds for a couple of weeks.

(A list that has become short and shorter: FEET, SSON, some Lindsell Train fund that I seemingly can’t buy anywhere, Aberdeen New India and The Monks. Oh, and maybe some Biotech fund that I can’t remember off the top of my head).

I have been invested in FEET for quite a while - which has finally turned green only recently. Terry Smith doesn’t seem to like China very much, but prefers India, as reflected in FEET (and his speeches).

Ah yes so obvious the ISIN number always starts with a country code. So now I will need to check in terms of fees what is the cheaper option: a) open an account with Fundsmith and invest directly through them or option b) buy through IB.

The latter option definitely is easier and faster but option a) might be cheaper in terms of fees as there are no buying fees as far as I know. The only question remains is that how or where do I convert my CHF to GBP in order to send them to the GBP account of Fundsmith in the UK…?