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Terry Smith Steps Back from Emerging Markets Trust

Terry Smith Steps Back from Emerging Markets Trust

Terry Smith is to step down from running his emerging markets investment trust. The Fundsmith Emerging Trusts (FEET) will be run by Michael O' Brien and Sandip Patodia from the end of May. The pair have been on the investment management team of the trust since it was launched in 2014 and will be supported by research analysts Jonathan Imlah and Tom Boles.