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2008 and 2011
Jeff Liddiard
Posted: 13 June 2018 13:39:05(UTC)
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Can anyone tell me what the percentage fall was in 2008 and 2011 on the day of the crashes/corrections for Fundsmith Fund and for Lindsell Train Global Equity B Fund? Also what the overall gain or loss was for those funds in those calendar years? Or where I can find those figures? I would be interested to look at the same for lots of other UTs and ITs.

I know past performance .... and all that. It's different now..... But I'm still interested.

Thank you.
Tim D
Posted: 13 June 2018 14:16:00(UTC)
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Trustnet's charting will show you back to October 2010 and March 2011 for those funds (if you view the right unit types). I'm not sure those funds actually existed in 2008? The charting won't give you any numbers for drawdowns or other stats, so you'll have to read the size of falls off the axes. You can set the date range though, so can bracket events of interest very closely.

Trustnet is pretty good for historic research; there are plenty of funds and trusts on it which can be charted well back into the 90s. Anyone looking at only the last 5 or even 10 years now gets far too optimistic a picture of the markets!
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Jeff Liddiard on 13/06/2018(UTC)
Dan L
Posted: 13 June 2018 15:03:09(UTC)
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Have a watch of Fundsmith's most recent ASM 2018. In it he calculates back the drop over 2007 - 2009 had Fundsmith existed at that time and been invested in the same companies. For reference it was a total of -12% from highest to lowest point.

Next time around it might not be the same but I don't really know of any better way of protection during a crash so I am putting my faith in Fundsmith and Lindsell Train and their defensive equity stance
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Tim D on 13/06/2018(UTC), Jeff Liddiard on 13/06/2018(UTC)
AJW
Posted: 13 June 2018 15:21:21(UTC)
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can you provide a sedol
Tyrion Lannister
Posted: 13 June 2018 15:53:59(UTC)
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Fundsmith didn't exist in 2008.

HL claim this is the main reason they've left it out of the 150 plus fund lists - it supposedly hasn't proved itself during a downturn.
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Jeff Liddiard on 13/06/2018(UTC)
Jeff Liddiard
Posted: 13 June 2018 15:59:36(UTC)
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AJW;63827 wrote:
can you provide a sedol



Fundsmith Fund B41YBW17

Lindsell Train Global Equity B Fund B3NS4D2
D Bergman
Posted: 13 June 2018 16:28:15(UTC)
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Re: Tyrion Lannister,

HL has many funds in their Wealth 150 that didn't exist before Fundsmith's launch (on 1st Nov 2010), so that excuse is somewhat suspect.
The fact that Terry Smith won't give them a reduced commission charge (so they could sell at no more than his direct selling rate, even with their platform charge) might have something to do with their decision.
Lindsell Train Global Equity, which they continuously praise (rightly) was launched 6 months after Fundsmith!
4 users thanked D Bergman for this post.
Tyrion Lannister on 13/06/2018(UTC), Jeff Liddiard on 13/06/2018(UTC), Tim D on 13/06/2018(UTC), gillyann on 16/06/2018(UTC)
Tyrion Lannister
Posted: 13 June 2018 16:52:32(UTC)
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D Bergman;63835 wrote:
Re: Tyrion Lannister,

HL has many funds in their Wealth 150 that didn't exist before Fundsmith's launch (on 1st Nov 2010), so that excuse is somewhat suspect.
The fact that Terry Smith won't give them a reduced commission charge (so they could sell at no more than his direct selling rate, even with their platform charge) might have something to do with their decision.
Lindsell Train Global Equity, which they continuously praise (rightly) was launched 6 months after Fundsmith!


I agree with you 100%:)

The wealth 150 thing is a sham imo and I pay no attention to it whatsoever when choosing funds.
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gillyann on 16/06/2018(UTC)
mark spurrier
Posted: 13 June 2018 20:06:44(UTC)
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Tyrion Lannister;63838 wrote:
D Bergman;63835 wrote:
Re: Tyrion Lannister,

HL has many funds in their Wealth 150 that didn't exist before Fundsmith's launch (on 1st Nov 2010), so that excuse is somewhat suspect.
The fact that Terry Smith won't give them a reduced commission charge (so they could sell at no more than his direct selling rate, even with their platform charge) might have something to do with their decision.
Lindsell Train Global Equity, which they continuously praise (rightly) was launched 6 months after Fundsmith!


I agree with you 100%:)

The wealth 150 thing is a sham imo and I pay no attention to it whatsoever when choosing funds.


It is worse than a sham it is what many people view as being investment advice when it is really for the benefit of HL. HL are clear that it isn't advice so it is really the consumer not asking the obvious questions or using the Morningstar free screeners

To be fair they have some good funds in there but there others I struggle to see why they were included on performance grounds
AJW
Posted: 14 June 2018 10:17:21(UTC)
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Jeff Liddiard;63831 wrote:
AJW;63827 wrote:
can you provide a sedol



Fundsmith Fund B41YBW17

Lindsell Train Global Equity B Fund B3NS4D2


Neither open in 2008.

Believe Fundsmith's sedol is B41YBW7. Fund launched 01/11/2010.
8.46% performance for calendar year 2011.
12.97% fall between 08/07/2011 - 09/08/2011, before a volatile trend of recovery over the year. Daily falls between then generally under 1%, with greatest being 3.09%.


Lindsell Train Global Equity B Fund B3NS4D2. Fund launched 16/03/2011.
Fund wasn't open for whole of 2011, but returned 5.36% over the year til end of Dec 2011.
12.69% fall between 08/07/2011 - 09/08/2011, before a volatile trend of recovery over the year. Daily falls between then generally under 1%, with a maximum daily fall on 2.68%.

Source: market data
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Jeff Liddiard on 14/06/2018(UTC), Dan L on 14/06/2018(UTC)
King Lodos
Posted: 14 June 2018 12:48:58(UTC)
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Playing devil's advocate – I think the difference with Lindsell Train is their managers have long track records.

They've put new funds in W150, and some have been duds, but I *think* they've always based inclusion on the manager first (e.g. putting Woodford Equity Income in at launch, and Sanditon European).

I could fully believe it's a requirement
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Jeff Liddiard on 14/06/2018(UTC)
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