LUXURY FUNDS

Team Lux

Lin Bo

Dr. Mikalai Malinouski 

Dr. Goran Malojcic

June 2nd 2013

STRATEGY OVERVIEW FOR TEAM LUX

Investing in Companies that Provide Luxury Goods or Services to Customers

Companies with Strong Brand Recognition

Companies Successful in Emerging Markets (e.g.: China, India, Russia, etc.)

Companies That are Able to Satisfy Local Demand and Tastes, Without Losing the Global Brand Heritage

LUXURY BRAND FUNDS

Julius Baer Multistock - Luxury Brands Fund

Credit Suisse SICAV (Lux) Equity Luxury Goods

JULIUS BAER MULTISTOCK - LUXURY BRANDS FUND Open-End Investment

Fund (Luxembourg) Long-Term Capital

Growth by Investing in Companies Worldwide Which Own Established Brands and Offer Products and Services in the Luxury Goods Sector

TOP FUND HOLDINGSName % of Total 52-weeks change %

Swatch Group AG 7.18% 74.58

Cie Financiere Richemont SA 5.99%93.88

Pernod-Ricard SA 4.69% 34.67Tiffany & Co 4.61% 65.31

Bayerische Motoren Werke AG 4.56%43.40

Estee Lauder Cos Inc/The 4.42%34.15

Burberry Group PLC 4.37% 51.61Diageo PLC 4.00% 36.56

NIKE Inc 3.94% 57.14

Ralph Lauren Corp 3.94% 43.28

Total 47.69%

CREDIT SUISSE SICAV (LUX) EQUITY LUXURY GOODS Invests Globally in Leading

Luxury Goods Companies Offers Access to Themes

Including the Rise of the Chinese Luxury Market, and the Overall Growth Potential of the Emerging Consumer, as well as Exposure to Emerging Brands in the Luxury goods industry

Unconstrained, Non-Benchmark Oriented Approach to Identify Attractively Valued Companies Positioned to Benefit From the Luxury Goods Theme

TOP FUND HOLDINGS

Name % of Total52-week

change, %

Prada 7.83 100.00

Christian Dior 6.55 48.98Richemont 5.85 93.88

Hermes 5.58 35.75

Estee Lauder 4.91 34.15

Sands China 4.26 77.78Remy Cointreau 4.04 66.67

LVMH 3.87 46.15Galaxy Entertainment Group 3.29 156.25

Total 50.4

SECTORS IN %

RESEARCH METHODOLOGY

NYSE Publicly Traded Companies in Luxury Sector

Selection Criteria:• Healthy Financial Situation

• Pre-Tax Profits• Net Revenue• …

• Sales and % Sales of Luxury Goods/Services in Emerging Markets

• % Sales of Luxury Goods or Services in Emerging Markets

• 20% - 60%• Increase in Dividend Payment

Companies to Invest for Portfolio

SOME OF OUR PICKS Tiffany’s COACH LVMH Estee Lauder Burberry

BENCHMARKS

TRADING MODEL INDICATORS & STATISTICS

Source: WealthInsight http://bricsonfocus.blogspot.com/2012/12/emerging-multimillionaires.html* Ultra-high net worth individuals are defined as means people with $30 million or more

By the end of 2011, there are 1.9 million high net worth individuals in the BRICS countries, with combined wealth of $7.5 trillion

Compared to US (Los Angeles: 950, NYC: 2,929), BRIC represents an already lucrative market, and has great future potential

Statistics such as # high net worth individuals in BRIC will be watched to steer the direction of fund investment

TRADING MODEL INDICATORS

In 2008, for the first time in history, the percentage of the richest 100 world billionaires in emerging markets (37 out of 100, or 37%) is greater than the percentage of the top 100 billionaires in the U.S. (32 out of 100, or 32%).

* The chart above was created using the Forbes annual rankings of world billionaires

WE WILL CONTINUE TO FOLLOW THESE MARKET REPORTS FOR INVESTMENT DECISIONS

http://www.deloitte.com/assets/dcom-unitedstates/local%20assets/documents/fsi/us_fsi_next%20decade%20in%20global%20wealth%20executive%20summary_050411.pdf

http://www.reuters.com/article/2011/05/04/wealth-millionaires-idUSN0310259120110504

http://www.theatlantic.com/business/archive/2011/05/the-millionaires-are-growing/238410/