When Smith launched Fundsmith Equity in November 2010 he boldly promised it would be “the best fund ever”, and would give the “fat and complacent” fund management industry a bloody nose. Around 60% of Fundsmith Equity is in US shares, and the pound’s fall against the dollar has helped turbo-charge returns. China turned out to be the best place to put your money in 2017, although the surprise third best place – given the gloom forecasts by some over Brexit – was UK smaller companies. The average China-invested fund gave a return of 34% in 2017, according to data from FE Trustnet, while Japanese smaller companies earned 25.3% and UK smaller companies 25.1%. Adrian Lowcock, investment director of Architas, says 2017 “has been a strong year for equity markets.

Source: The Guardian December 30, 2017 06:56 UTC