The Luxury Goods share portfolio, known as a Vue, is a concentrated portfolio of ten shares comprising companies benefiting from the growth in demand for luxury goods in emerging economies, especially Asia.
This Vue contains
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Companies are short-listed from the investment universe on the basis of their exposure to the growing demand for luxury goods from emerging economies.
With increasing disposable incomes in many developing countries like China, India and Indonesia, there is a significant increase in demand for high quality luxury goods.
Once basic necessities are taken care of, people are inclined to spend on “aspirational goods”. These include luxury apparel, shoes, accessories, premium beverages and luxury cars. The Vue invests in companies that produce and/or distribute such products in emerging markets.
MARKET CAP OF SHARES CONTAINED IN THIS VUE
The investment objective is to outperform the MSCI World Ex-Australia Index (Net/AUD) over a five-year investment horizon.
This Vue is intended as a long-term investment with low stock turnover. It is reviewed and rebalanced (if required) every quarter.
The Luxury Goods Vue may be suitable for investors who have an investment horizon of 3+ years, and a moderate to high risk tolerance.
With over 50 combined years’ experience in global equity markets, our investment committee use complex proprietary models to bring you the world’s best and most innovative companies.
Clay's 30+ years of experience includes senior portfolio management roles at AMP, Legal and General Life of Australia, PM Capital, QBE Insurance and Perennial Investment Partners. He has developed alternative methods to traditional market analysis and portfolio management, was a key contributor to the Eureka Report, and regularly appears on CNBC Asia and Bloomberg TV.
Dev is the co-founder of Macrovue and leads the Equity Research and Product Development teams. He started his career as a quantitative analyst at Putnam Investments in Boston before moving to Singapore to join Bank of America Merrill Lynch. Dev has an MBA from The Fuqua School of Business, Duke University and an MS in Financial Engineering from Columbia University.
Sid brings 20+ years of experience in finance and technology. He started his career at Honeywell Aerospace as a software engineer before moving to Bank of America Merrill Lynch in New York as a quantitative analyst. Before starting Macrovue, Sid was a lecturer at UNSW while completing his PhD in Finance. He also holds a Masters in Computational Finance from Carnegie Mellon University.
We identify a global trend, issue or investment style that we believe makes for a compelling long-term investment story.
We run our proprietary multi-factor share selection model to rank shares by attractiveness.
We conduct fundamental research to select the final 10 shares. We look at things like sustainable competitive advantage, earnings growth potential and trading multiples.
Vues are reviewed and rebalanced (if required) quarterly or if necessitated by unexpected developments. Clients have discretion whether to implement recommended changes.
When investing in a Vue, you’ll be charged a flat 0.8% per annum research fee (calculated daily, charged monthly).
We do not charge any additional performance, administration, custody or activity fees. Buy/sell spreads do not apply either.
Normal trading costs will apply when buying and selling shares held within a Vue.