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By Elliot Gulliver-Needham Terry Smith’s £23bn equity fund has once again fallen off a list of the UK’s most-bought investment vehicles after failing to cash in on the performance of the ‘Magnificent Seven’ tech stocks, new analysis suggests. The Magnificent Seven refers to a group of US tech giants, including Alphabet, Meta and Nividia, that have seen stratospheric growth in recent years. While Smith counts Meta, Microsoft and Alphabet among his top-ten shareholdings, he has failed to capitalise in the same way as some peers. “[Terry] Smith, like many other stock pickers, has been facing into…

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