Terry Smith’s overhaul: what’s behind it and what’s changed?

Podcast: On The Money · interactive investor

Opublikowano: 2026-07-30

Terry Smith, arguably the most famous fund manager running money in Britain today, has abandoned his buy and hold “do nothing” strategy and carried out a major overhaul of the Fundsmith Equity portfolio. Joining Kyle to discuss this significant change and explain the reasons for it is Dave Baxter, senior fund content specialist at interactive investor. The duo consider Smith’s buys and sells, whether the style of the fund has changed, and whether portfolios in general are becoming too tech-heavy. Kyle Caldwell is Funds and Investment Education Editor at interactive investor. On The Money is an...