How safe is Fundsmith?

[zcacogp]

Chaps,

An odd Q perhaps but I'll ask it anyway; how safe is Fundsmith?

I'm not bothered about whether it will go down or up (that's the risk of the game) but what are the odds of someone in the fund nicking off with all the money in it? Apparently they don't sign up to the FCA code of conduct - should that be a concern?


Oli.

[zcacogp]

Thanks Philbo. Your figures are out a little - it's only up 12% in the last month, but it's a decent performance.

I take it from your comments that you are a fan then? I certainly am.


Oli.