Fundsmith tops Morningstar medalist rankings but misses maximum rating

Fundsmith has retained its top spot by percentage of Morningstar medalist share classes but missed out on achieving the highest parent pillar rating available. In Morningstar's annual Fund Family 100 report, the firm said the asset manager stands as an "example of an investment boutique that is well-placed for investment excellence". Fundsmith has just two strategies, the Fundsmith Equity fund and the Fundsmith Sustainable Investment fund, and they follow the same investment philosophy and process.  Key personnel are heavily invested in the funds they run, making them "well-aligned...