Happy Holidays from Dominion, see you in the New Year
As the year draws to a close, Dominion is winding down its Newsfeed, so welcome to the last day of reporting from us this year. But before we go, we wanted to offer a very brief retrospective of some of the big things that have happened in our Global Trends Funds this year. It’s been a positive and exciting 2017 – lets hope 2018 is even better.
Dominion takes part in Luxury turn around
2017 was notable for the luxury sector, as the effects of Xi Jingping’s anti-corruption crackdown finally receded, and fortunes improved. By the middle of the year, it was clear that Macau’s gaming industry was seeing a powerful rebound after a slow run in the previous year. And nowhere was the luxury turn around more pronounced than in China itself. Taken together with improvements across the globe, this is great news for Luxury. And it’s great news for Dominion’s Global Trends Luxury Fund, which saw its share price appreciate by 8% in Euros, and 19% in U.S. Dollars
The Ecommerce revolution continues
It seems hard to argue that Ecommerce isn’t the world’s most disruptive trend at the moment. The sector is moving with incredible pace, as eSports becomes a force to be reckoned with, fake news shakes up the sector, and the world gets closer to becoming a cashless economy. Of course, the end of the year was marked by the repeal of net neutrality laws in the U.S., but there’s every indication that this shouldn’t be a prime concern for investors. As you might expect, given that Dominion’s Global Trends Ecommerce Fund remains something of a rarity in the investment world, it has benefitted a great deal: this year, it’s share price has risen by 20% in Euros, and an impressive 35% in U.S. Dollars.
Happy Fifth Birthday Managed Fund!
This year saw the fifth anniversary of the creation of Dominion’s Global Trends Managed Fund. And since the anniversary newsletter was published, it has continued to go from strength to strength (as of today, Managed Fund’s share price has appreciated by 52.99% in Euros, and 45.99% in U.S. Dollars). Managed is seeing the world transform: the trend towards self-driving cars is increasing, climate change hit an 800,000-year peak, and much more besides. No doubt, 2018 will be a busy year!
With that said, all that’s left is to wish all of Dominion’s investors and their families a fantastic holiday season. We’ll be back next year, resuming our normal reporting service on 2 January.
The figures quoted in this article do not necessarily apply to individuals’ specific investments with Dominion. To track the value of your investments, visit dominion-funds.com and select the appropriate share class and currency denomination. Alternatively, contact Dominion directly via the same website. The opinions expressed in this article are those of the writer, not of the company.
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The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.