Over the past three months, Diageo’s share price has struggled, dropping 6.5% from 2,656.5p in June to 2,450p in early September, according to data from MarketWatch.
Fundsmith Equity drops out of interactive investor’s top ten most-bought funds
From September last year, the decline is even more stark, with a share price drop just shy of 23%.
According to the fund’s latest factsheet, it “exited our position in Diageo during the month” (August). Fundsmith did not respond to a request for comment on the move.
Abandoning Diageo could come as a surprise since Smith’s fund is renow…
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