Fundsmith guru Terry Smith swaps testing for toothpaste
Veteran investor and manager of the Fundsmith Equity Fund (B41YBW7), Terry Smith, has cashed in his holding in UK testing and certification business Intertek (ITRK) and switched into US consumer products group Church & Dwight, makers of Trojan condoms and the iconic Arm & Hammer-brand toothpaste and baking soda seller.
Smith is thought to have doubled his money in Intertek, having ...