Why Terry Smith is changing his investment strategy

Terry Smith has made one of the biggest changes yet to the strategy behind Fundsmith Equity. In what is arguably the biggest funds story of 2026, Terry Smith, of Fundsmith, decided to abandon his longstanding ‘do nothing’ approach in favour of a momentum strategy, overhauling more than half his portfolio in six months. In this segment, Val Cipriani joins Dan Jones to examine why Smith is changing course, whether the move amounts to style drift, and what it could mean for investors who still hold the fund. #investing #finance #personalfinance #investments #business #Fundsmith #TerrySmith #Investing #InvestmentFunds #FundManagement #MomentumInvesting #QualityInvesting #StockMarket #ActiveInvesting #PortfolioManagement #InvestorsChronicle Listen to our podcasts: https://www.investorschronicle.co.uk/... Subscribe to Investors' Chronicle: https://www.investorschronicle.co.uk/... Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities. Our award-winning expert writers research hundreds of companies and funds suitable for all risk appetites, to provide clear, independent recommendations for individual investors who want to make their money grow and outline how to make the most of different types of investment vehicles at all stages of your life. Follow The Companies and Markets Show on @YouTube:    • Companies & Markets Podcast   Follow Lee and the IC:    • Lee and the IC   Listen to our interviews here:    • IC Interviews Podcast   Follow us on LinkedIn:   / financial-times---investors-chronicle   Follow us on Instagram: https://www.instagram.com/investorsch... Get the latest investing updates on WhatsApp: https://whatsapp.com/channel/0029VaD6...