DGC Franck Muller Luxury Fund

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 insights (Stock analysis, Earnings momentum, Valuation/ Dividends, Cash Flows, Forex exposure, ESG), builds the portfolio and manages risk.

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 16.01.2025

MorningStar rating overall :

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
Fund AuMs : EUR 72 million

“ 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. ”