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Terry Smith reassures fund investors he is not selling out of UK market
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fnlondon.comTerry Smith, one of the best-selling British stock pickers, said selling stakes in three London-listed companies last year should not be taken as a sign he is abandoning investment opportunities in the UK market.
Smith's £29bn fund Equity fund — a favourite among Britain's retail investors and the country's largest – last year ditched stakes in US-based Becton Dickinson as well as UK-based companies Intertek, Sage and InterContinental Hotels.
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