The folks at a $40-billion-AUM*, 15-year-old asset manager across the pond are rolling out their first exchange-traded fund for U.S. investors.

Today, Terry Smith, founder and chief investment officer of Fundsmith, confirms that the London-based fund firm is launching the Fundsmith Equity ETF (ETFT on the NYSE Arca). Fundsmith's Black River, Mauritius-based based Fundsmith Investment Services Limited arm serves as investment advisor to the new ETF, while SS&C's Denver-based Alps Advisors, Inc. serves as subadvisor.

ETFT's inception date was yesterday (December 1), and the fund comes with an expense ratio of 100 basis points. It now has about $497,000 in AUM**.

Smith himself serves as PM of ETFT. He also serves as the main portfolio manager for Fundsmith's flagship strategy in the UK.

According to Smith, Fundsmith's "strategy has always been popular with retail investors."

"So we are launching the Fundsmith Equity ETF to provide U.S. retail investors with a straightforward way to access Fundsmith's long-term investment strategy, focused on high-quality companies with strong fundamentals and sustainable growth," Smith states.

ETFT is an actively managed, non-diversified series of Alps Series Trust. The new ETF's other service providers include:

Alps Distributors, Inc. as distributor;

Cohen & Company, Ltd. as independent accounting firm;

Davis Graham & Stubbs LLP as counsel; and

State Street Bank & Trust Company as custodian, dividend disbursing agent, and transfer agent.

*As of March 31, 2025, per a form ADV filed in June.

**As of today (December 2, 2025). 

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