DGC – Franck Muller Luxury Fund
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This webpage is a marketing communication. Please refer to the Prospectus and the PRIIPs Key Information Document (KID) before making any final investment decisions.
Fund profile
DGC Franck Muller Luxury Fund is a winning partnership to invest in the luxury sector, thanks to its unique combination of qualitative insights on the sector provided by Franck Muller and to NS Partners’ long tradition of successful investment experience.
- Pure thematic equity fund focusing on the luxury sector
- Global investment universe with no constraints in terms of market cap
- No style bias (blend), unconstrained in terms of geography and sub-sector (benchmark agnostic)
- Very concentrated portfolio (expected number of stocks around 30 stocks)
- Diversified portfolio in terms of sub-sectors and countries
- Low to moderate turnover
Luxury: a growth sector
- Generation “Alpha” is just entering the luxury market and will largely contribute to the sector growth
- Digitalisation and new trends like “quiet luxury” allows luxury brands to reach a broader consumer base and offers a tailored experience
- Rising number of new millionaires & billionaires worldwide,
- A large audience of first-time customers remains, while the middle class continues to grow in emerging markets.
- Historically resilient investment
A unique partnership
Franck Muller:
- 30+ years of unrivaled know-how and expertise in the luxury sector
- One of the leading independent watchmakers in Switzerland
- A deep knowledge of the luxury sector and industry trends thanks to its direct access to information
NS Partners:
- 60+ years of managing assets and generating alpha
- One of the largest fully independent asset management group in Switzerland and in Europe
- Wide range of investment solutions tailored to suit investors needs in all markets conditions
Investment process
- As advisor, Franck Muller provides qualitative top-down input (Market analysis, Brand & Peers analysis, Country views, Sub-sector-views).
- As asset manager, NS Partners provides bottom-up analysis (Stock analysis, Earnings momentum, Valuation/ Dividends, Cash Flows, Forex exposure, ESG), builds the portfolio and manages risk.
Investment Risks
- The value of investments may fluctuate and investors may not recover the full amount invested.
- Equity markets can be volatile and may be affected by economic, political and market developments.
- Investments in international equities may be exposed to currency fluctuations.
- ESG criteria are integrated into the investment process but may not necessarily result in improved investment performance.
- Please refer to the Prospectus and PRIIPs KID for a full description of risks associated with the Fund.
Commitment to ESG
- ESG is fully integrated into the fund investment process
- We employ a combination of exclusion (negative screening) and positive screening criteria (best-in-class), while also considering the principal adverse impacts on sustainability factorsWe use a proprietary model and internal scoring which favour companies that make efforts to improve
- SFDR classification: Article 8
Why invest in this fund ?
Last update
11.05.2026
- Thematic fund focused on a strong secular growth industry
- Long only, active and bottom up approach with proprietary research, database and ESG integration
- Focus on high quality companies, with sound balance sheets, high Free Cash Flow generation and strong competitive advantages
- Strong and independent risk management process
“ As an exclusive partnership between a renowned luxury player and a recognized asset manager, DGC Franck Muller Luxury Fund is a unique thematic fund that allows investors to benefit from the strong secular growth prospects of the luxury market. ”
Marie-Caroline Benoiston
Fund Manager
Investment team
Marie-Caroline Benoiston
SENIOR PORTFOLIO MANAGER, HEAD OF ESG
Maria Hernandez Sanchez
PORTFOLIO MANAGER, EQUITY AND ESG ANALYST
Angel Sanz, CFA
CHIEF INVESTMENT OFFICER, HEAD OF ASSET MANAGEMENT
Pierre Mouton
HEAD OF LONG ONLY INVESTMENTS, MEMBER OF THE EXECUTIVE COMMITTEE
Julien Baltzinger, CFA
PORTFOLIO MANAGER
Maximilien Mestelan
PORTFOLIO MANAGER & EQUITY ANALYST
This webpage is a marketing communication. Please refer to the Prospectus and the PRIIPs Key Information Document (KID) before making any final investment decisions.
The information contained on this webpage is provided for information purposes only and does not constitute investment advice, an offer, solicitation or recommendation to buy or sell any financial instrument or investment product.
The views and opinions expressed are those of NS Partners at the date of publication and may change without notice.
Investments involve risks, including possible loss of capital. The value of investments and the income derived from them may fluctuate and investors may not recover the amount originally invested.
Past performance does not predict future returns.
Any reference to rankings, ratings or awards is provided for information purposes only and should not be interpreted as a guarantee of future performance.
Please refer to the Prospectus and PRIIPs KID for a full description of the Fund’s objectives, investment policy, risks and costs.
The Fund is authorised and regulated in Luxembourg and may not be offered or distributed in jurisdictions where such distribution would be prohibited.