Julius Baer opens luxury brands fund to UK investors

Managed by Lipper award-winning Dr Scilla Huang Sun, the fund will give UK investors access to a carefully-selected portfolio of global luxury brands including Louis Vuitton, Cartier and Hermes. The fund was originally launched on 31 January 2008 and currently has around £30m under management. Sun, who has 17 years experience in asset management, with eight years in the luxury goods sector, believes the outlook is very positive. "While many people are tightening their belts, the wealthy are still spending," she said. "We have seen a growth in luxury goods sales over the past six months...