View more on these topics

Clariden Offers Taste of Luxury

Clariden Bank’s search for a new investment theme has lead to the introduction of the Luxury Goods Equity Fund.


This offshore Oeic will invest in a range of luxury goods manufacturers with strong brand names including Gucci, Christian Dior and Porsche. It is a global fund but will invest mainly in Europe, where the majority of manufacturers are based.


The luxury goods sector is seen as a growth area due to increased demand for designer clothes, expensive fragrances and top of the range cars. Luxury goods are expensive because they tend to be high quality and may be limited editions of well-known brand names. This can also add to demand for them.


The fund’s investment strategy is a novel idea but there are many companies keen to find a gimmicky new angle to the theme funds bandwagon.


The Luxury Goods Equity Fund is denominated in the Euro, which is a volatile currency at present. On October 9, 2000 the Euro closed at 0.869 against the dollar. This compares to an all time high of 1.179 against the dollar on January 5, 1999. As a niche product, the fund is most suitable for investors who already have a well-rounded portfolio. It would not be suitable as an introduction to stockmarket investments.


 

Recommended

Allied Dunbar: Multi-ties won&#39t work but gap-filling would bring benefits

It seems a long, long time ago that polarisation was introduced. In the rapidly changing financial services marketplace, 12 years is a long time. However, it is not so long ago that we cannot remember the marketplace that existed before polarisation was introduced. In those days, we had insurance brokers and agents – and those […]

Half of IF&#39s business from IFAs

Intelligent Finance, the long awaited telephone and internet banking service from Halifax, has finally begun the first phase of its launch.IF started its phone banking service last Friday and says over half of its business is coming through IFAs.It claims it has had at least 100 calls an hour and has written £32m worth of […]

Should you vote for a euro loan?

Euro fever is in vogue again. The currency has fallen dramatically over the last year against most other currencies, including the pound, and, despite international central banks&#39 intervention, the euro still looks weak and beleaguered.Sounds like bad news, but not if you have a euro-denominated mortgage. Last year, both Barclays and Abbey National promo-ted euro […]

Surviving Stakeholder

Reading articles about stakeholder, one could be forgiven for coming to the conclusion that there are three types of employer: Those who have heard about stakeholder and are trying to avoid it. Those who have heard about stakeholder and believe it does not apply to them. Those who are blissfully unaware of the existence of […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment