Fundsmith Emerging Equities trust proposes liquidation

The board of the £323m Fundsmith Emerging Equities trust has proposed a voluntary liquidation of the company following notification that Fundsmith intends to give notice as investment manager. A general meeting will be convened, at which the board will recommend shareholders vote in favour of the proposals. Fundsmith grows profits to £57m in 2021 Both the board and Fundsmith will vote their respective 112,250 (0.43%) and 1,379,227 (5.25%) shares in favour of the resolutions. FEET is expected to be placed into voluntary liquidation by the end of November, with cash proceeds of th...