Luxury Fund
Fund Launch
Jun 2007
Performance YTD
+4.78%
Performance Since Launch
+95.24%
Overview
Luxuries are goods and services which consumers use their disposable income to purchase. Demand for luxuries grows disproportionately with wealth and as global wealth increases, particularly in emerging markets, the outlook for luxuries demand is very strong.
Luxuries have been part of the economy since the beginning of civilisation, when the first socially stratified societies emerged in the ancient world. Luxury was one of the first industries to go global. Chinese silks, for example, could be found in Rome in 139 BC. Luxury is an enduring sector which will endure for as long as wealth increases and societies remain stratified.
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A central structural growth theme underpinning growing luxury consumer demand is industrialisation. Two-thirds of the world’s population in Asia and Africa are now going through the process of industrialisation. Over the coming decades, this process of consumers entering the middle- and upper-income classes in emerging markets and growing income inequality will accelerate demand for luxuries.

Long-term the number of affluent people (greater than $250k investable wealth) in the world will almost double from 52 million this year to 94 million by 2030. Shorter term, global consultancy Bain-AltaGamma predicts that after pandemic setbacks the global luxury industry will grow by more than 50% to reach between $330 billion and $370 billion in value by 2025, with Asia accounting for over 63% that.

How the global luxury market grows is also evolving as new generations come to the fore in terms of purchasing power. Digitally enabled purchases are expected to double by 2025 to account for 45% of purchasing decisions, compared to 22% currently.

Discretionary consumer tastes and habits also change as generations and cohorts mature in response to different economic and social influences. Discretionary spending on pets which the affluent increasingly humanize or upon their children’s private education intended to give them a head-start in life are good examples of more modern luxuries commanding a growing share of total consumer spending. Sectors like these now compliment the more traditional luxury spending on jewelry, fast cars and upmarket accessories.

Before the pandemic, experiential services spending was outpacing spending on material luxuries. We expect this to return too and play an important long-term role in the Fund.

The one constant which has remained since ancient times is that aspirations primarily drive consumer decisions, providing a fertile ground for healthy returns on capital as well as growth for companies able to help households ‘stand out’ from the crowd. This is the long-term focus of the Fund.

Investment Manager
Paolo Baccanello
Investment Manager
Paolo Baccanello
Please select a currency
{{fundName}} Fund Performance
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Top 5 performers (1 month % Return)
  • +12.14%
    Kering
  • +10.43%
    Ferrari
  • +10.40%
    Bright Horizons
  • +9.46%
    Constellation Brands
  • +9.30%
    Garmin
Top 10 Equity Holdings (% AUM)
  • 5.80%
    Garmin
  • 5.33%
    Lindt & Spruengli
  • 4.93%
    Kering
  • 4.67%
    Hermes
  • 4.30%
    Inditex
  • 4.15%
    L'Oreal
  • 3.99%
    LVMH
  • 3.80%
    Starbucks
  • 3.75%
    Boohoo.com
  • 3.57%
    Ferrari
Fund Performance and Prices as at: {{performanceData.Date}}
Fund Share Price 1 Month 3 Months YTD 1 Year 3 Years 4 Years 5 Years Launch
{{fund.Name}} {{fund.Price}} {{fund.Month1}} {{fund.Month3}} {{fund.YTD}} {{fund.Year1}} {{fund.Year3}} {{fund.Year4}} {{fund.Year5}} {{fund.Launch}}
Calendar Year Performance
  2020 2019 2018 2017 2016 2015
Performance 9.59% 38.78% -10.30% 7.00% -5.55% 2.84%

*Performance to the Euro IC share classes as at the publication date. Performance data supplied by Bloomberg.

  2020 2019 2018 2017 2016 2015
Performance 17.4% 33.39% -15.79% 19.96% -9.87% -8.76%

*Performance to the USD IC share classes as at the publication date. Performance data supplied by Bloomberg.

  2020 2019 2018 2017 2016 2015
Performance 13.85% 28.37% -10.78% 9.34% 7.81% -4.00%

*Performance to the GBP IC share classes as at the publication date. Performance data supplied by Bloomberg.

Geographic & Sector Distribution
Sector Allocation
31.2%
Consumer Discretionary Products
17.37%
Consumer Staple Products
14.11%
Retail & Wholesale -Discretionary
12.17%
Consumer Discretionary Services
10.97%
Media
6.48%
Health Care
6.3%
Tech Hardware & Semiconductors
1.4%
Software & Tech Services
Geographical Distribution of Holdings
65%
Europe
32.86%
America
2.14%
Asia
Specs
Currencies
  • {{currency}}
  • Fund Name

    Dominion Global Trends – Luxury Consumer Fund, a sub fund of Dominion Global Trends SICAV p.l.c. referred to in this site as Luxury Fund.

  • Launch Date

    {{launchDate}}

  • Fund Manager

    Dominion Fund Management Limited (“DFML”), Guernsey, Channel Islands. DFML is regulated by the Guernsey Financial Services Commission.

  • Investment Manager

    Paolo Baccanello. Dominion Asset Management Limited (“DAM”) London, United Kingdom. DAM is regulated by the Financial Conduct Authority.

  • Overlay Manager

    Edmond De Rothschild Asset Management (France).

  • Fund Structure

    Dominion Global Trends SICAV p.l.c. is a UCITS compliant umbrella structure with multiple sub-funds.

  • Regulation

    Dominion Global Trends SICAV p.l.c., regulated by the Malta Financial Services Authority, the Fund is recognised by Monetary Authority in Singapore and in the UK with Financial Conduct Authority reference number 532412 (for certain share classes only, please refer to the Prospectus and relevant Offering Supplement for details).

Investment Manager
Paolo Baccanello
Investment Manager
Paolo Baccanello
Trading Frequencies
Share Class GBP IC GBP DC GBP A GBP I GBP B GBP R GBP C
Frequency Daily Daily Daily Daily Daily Daily Daily
Switching Yes Yes Yes Yes Yes Yes No
Fund Charges
Share Class2.1% GBP IC GBP DC GBP A GBP I GBP B GBP R GBP C
Initial Charge Up to 6.5% 0% Up to 5% 0% Up to 6.5%
incorporated into the
Subscription Price
Up to 5%
of the
subscription amount
0%
Annual Charge 2.10% 2.10% 2.10% 1.00% 2.10% 1.50% 2.10%
Switching Charge No No No No No No No
Performance Fee No No No No No No No
Exit Charge No Yes Yes No No No Yes
Minimum Investment
Share Class GBP IC GBP DC GBP A GBP I GBP B GBP R GBP C
Minimum Investment 2,500 2,500 2,500 500,000* 2,500 2,500 2,500

 

*Smaller amounts may be accepted from Institutional Investors at Directors discretion.

Dealing and Tracking Codes
Share Class GBP IC GBP DC GBP A GBP I GBP B GBP R GBP C
ISN Code MT7000004032 MT7000004065 MT7000001350 MT7000004073 MT7000012142 MT7000004024 MT7000019667
Bloomberg Ticker DOMCHSI MV DOMCHSD MV DOMCHSA MV DOMCHGI MV DOMCHGB MV DGTCHGR MV DOMLCCG MV
SEDOL B677XM8 B3N96Q2 B65QFF4 B7H11H8 BRB31D6 B7L6ZW2 BF47175MT7000004032
EMX Participant ID DOMIN/CHIC GBP IC DOMIN/CHIC GBP DC DOMIN/CHIC GBP A DOMIN/CHIC GBP I DOMIN/CHIC GBP B DOMIN/CHIC GBP R
DOMIN/CHIC GBP C

Trading Frequencies
Share Class EUR IC EUR DC EUR A EUR I EUR B EUR R EUR C
Frequency Daily Daily Daily Daily Daily Daily Daily
Switching Yes Yes Yes Yes Yes Yes Yes
Fund Charges
Share Class EUR IC EUR DC EUR A EUR I EUR B EUR R EUR C
Initial Charge Up to 6.5% 0% Up to 5% 0% Up to 6.5% incorporated into the Subscription Price  Up to 5% 0%
Annual Charge 2.10% 2.10% 2.10% 1.00% 2.10% 1.50% 2.10%
Switching Charge No No No No No No No
Performance Fee No No No No No No No
Exit Charge No Yes Yes No No No Yes
Minimum Investment
Share Class EUR IC EUR DC EUR A EUR I EUR B EUR R EUR C
Minimum Investment 2,500 2,500 2,500 500,000* 2,500 2,500 2,500

 

*Smaller amounts may be accepted from Institutional Investors at Directors discretion.

Dealing and Tracking Codes
Share Class EUR IC EUR DC EUR A EUR I EUR B EUR R EUR C
ISN Code MT70000004115 MT7000004107 MT70000001368 MT7000004040 MT7000005898 MT7000012134 MT7000012753
Bloomberg Ticker DOMCHEI MV DOMCHED MV DOMCHEA MV DOMCHIE MV DGTCNEB MV DOMCHER MV DGTCNEC MV
SEDOL B3KJXY2 B3PZKB1 B61WRT4 B767Z20 B7T2Q18 BRB31F8 BSTLDZ5
EMX Participant ID DOMIN/CHIC
EUR IC
DOMIN/CHIC
EUR DC
DOMIN/CHIC
EUR A
DOMIN/CHIC
EUR I
DOMIN/CHIC
EUR B
DOMIN/CHIC
EUR R
DOMIN/CHIC
EUR C
Trading Frequencies
Share Class USD IC USD DC USD A USD I USD B USD BH USD C
Frequency Daily Daily Daily Daily Daily Daily Daily
Switching Yes Yes Yes Yes Yes Yes Yes
Fund Charges
Share Class USD IC USD DC USD A USD I USD B USD BH USD C
Initial Charge Up to 6.5% 0% Up to 5% 0% Up to 6.5%
incorporated
into the
Subscription Price
Up to 6.5%
incorporated
into the
Subscription Price
0%
Annual Charge 2.10% 2.10% 2.10% 1.00% 2.10% 2.10% 2.10%
Switching Charge No No No No No 0.02% No
Performance Fee No No No No No No No
Exit Charge No Yes Yes No No No Yes
Minimum Investment
Share Class USD IC USD DC USD A USD I USD B USD BH USD C
Minimum Investment 2,500 2,500 2,500 500,000* 2,500 2,500 2,500

 

*Smaller amounts may be accepted from Institutional Investors at Directors discretion.

Dealing and Tracking Codes
Share Class USD IC USD DC USD A USD I USD B USD BH USD C
ISN Code MT7000004099 MT7000004081 MT7000001376 MT7000004016 MT7000005906 MT7000014700 MT7000012761
Bloomberg Ticker DOMCHUI MV DOMCHUD MV DOMCHUA MV DOMCHIU MV DGTCNUB MV DLXCUBH MV DGTCNUC MV
SEDOL B3Q2PW7 B68KVK0 B62TVH0 B7KP3W6 B7W32R6 BYPK347 BSTLF04
EMX Participant ID DOMIN/CHIC
USD IC
DOMIN/CHIC
USD DC
DOMIN/CHIC
USD A
DOMIN/CHIC
USD I
DOMIN/CHIC
USD B
DOMIN/CHIC
USD BH
DOMIN/CHIC
USD C

Administrator

EPEA Fund Services (Guernsey) Limited, Suites 7 & 8, Fourth Floor, Windsor House, Le Pollet, St Peter Port, Guernsey GY1 1WF

Tel: +44 1481 748 955 | Fax: +44 1481 748 956 | dominionfunds@epicpea.com

Custodian

Swissquote Financial Services (Malta) Limited, Palazzo Spinola, 46, ST. Christophe’s Street, Valletta, VLT464 Malta

Correspondence & Queries

EPEA Fund Services (Guernsey) Limited, Suites 7 & 8, Fourth Floor, Windsor House, Le Pollet, St Peter Port, Guernsey GY1 1WF

Tel: +44 1481 748 955 | Fax: +44 1481 748 956 | dominionfunds@epicpea.com

The state of the origin of the Fund is Malta. This document may only be distributed in or from Switzerland to qualified investors within the meaning of Art. 10 Para. 3, 3bis and 3ter CISA. The Representative in Switzerland is Oligo Swiss Fund Services SA, Av Villamont 17, 1005 Lausanne, Switzerland, whilst the Paying Agent is Banque Cantonale Vaudoise, Place St-François, CH-1003 Lausanne. In respect of the units distributed in or from Switzerland, the place of performance and jurisdiction is at the registered office of the Swiss representative. The basic documents of the Fund as well as the annual and, if applicable, semi-annual report may be obtained free of charge at the registered office of the Swiss Representative.

Key Documents
Fund Fact Sheets - March 2021
Our Fund Fact Sheets offer a monthly update of the most recent performance of the fund, geographical exposure, sector allocation and includes all relevant fund information you need to keep informed.
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