Smithson Investment Trust
 | |
| Type | Public limited company |
|---|---|
| LSE: SSON | |
| Industry | Investments |
| Founded | 2018 in London |
| Founder | Terry Smith |
| Defunct | February 2026 |
| Headquarters | , |
| Key people | Diana Dyer Bartlett (Chairperson) |
| Products | Investment trust |
| Parent | Fundsmith |
| Website | www |
Smithson Investment Trust was a large British investment trust managed by Fundsmith. Created in 2018, it was dedicated to investments in small and mid sized listed or traded companies internationally with a market cap (at the time of investment) of between £500 million to £15 billion.[1] The company was listed on the London Stock Exchange.[2] The chairperson was Diana Dyer Bartlett.[3]
In February 2026 the trust was closed and assets were transferred to the Smithson Equity Fund.[4]
History
In October 2018, the company was launched with an initial public offering on the London Stock Exchange, in which it raised £822.5 million, exceeding the expectations of £250 million.[5]
In 12 November 2025, the company announced a scheme of reconstruction whereby, upon completion, the assets of the company would be transferred to the Smithson Equity Fund.[6] It was announced that existing shareholders could get their investment redeemed in cash, or be rolled over to the fund. The reason provided for such reconstruction was the persistent discount to net asset value at which the company's shares had traded since early 2022. In anticipation of the reconstruction, the company was removed from the FTSE 250 Index on 6 February 2026.[7] On 27 February 2026, shareholders voted in favour of the reconstruction and the company was wound up.[4]
References
- ↑ "Smithson Investment Trust". Proactive Investors. Retrieved 6 December 2018.
- ↑ "FTSE 250 Index Factsheet". FTSE Russell. Retrieved 22 August 2022.
- ↑ "Smithson Investment promotes Diana Dyer Bartlett to chair". A. J. Bell. 15 February 2022. Retrieved 23 November 2022.
- 1 2 "Results of Second General Meeting". London Stock Exchange. 27 February 2026. Retrieved 12 April 2026.
- ↑ "Smithson smashes investment trust IPO record". Investors Chronicle. 18 October 2018. Retrieved 2 February 2026.
- ↑ "Restructure Proposals". London Stock Exchange. 12 November 2025. Retrieved 12 April 2026.
- ↑ "Smithson Investment Trust (UK): Constituent Deletion: Changes in FTSE UK Index Series". London Stock Exchange. 3 February 2026. Retrieved 12 April 2026.