Here’s Why Fundsmith Equity Fund Sold Intuit (INTU) in Q2
Reported by Yahoo Finance · finance.yahoo.com · August 3, 2026
Fundsmith, an investment management firm based in London, has released its second-quarter 2026 investor letter for its “Fundsmith Equity Fund.” A copy of the letter can be downloaded here. The Fund returned -2.9% in the first half of 2026, underperforming the MSCI World Index by 14.1 percentage points, driven by challenges from a momentum-driven market […]
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What to watch: This report cites a concrete figure (2.9%) — compare it against the trailing trend before treating one data point as a turning point.
Market reaction today: $INTU +0.80%
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