MONEY – Trade 25/04/17 – SELL Fundsmith Income Accumulation Units

May 10, 2017 Dick Morris

In the belief that there will be an equity market correction soon, I have decided to take profits on this fund. I did not buy in at the launch (I wish I had!) but have still got a 40% profit on my investment. I sold this trust rather than one of the others because it is heavily in the US markets and I believe the US markets to be the most expensive in the world. (The opinions expressed in this post are mine, and mine alone. They should not be taken as investment advice.)