Fundsmith Equity Fund Underperforms in 2025: Reasons and Outlook

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Jan 9, 2026

Fundsmith's latest year of underperformance has many wondering if active investing is dead. With returns of only 0.8% against 12.8% for global indices, what's really going on behind the scenes? The answer might surprise you...

Financial market analysis from 09/01/2026. Market conditions may have changed since publication.

[the full WP markdown article here, long one]

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