Market Pulse | Clouds on the Horizon?

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Savigny Luxury Index May 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) slid 5.2 percent in May, underperforming the benchmark MSCI World Index (“MSCI”) by almost 2 percentage points.  Strong results mixed with an increasingly glum outlook for Europe and indications of a slowdown in China resulted in some profit taking as investors exited the sector.  All the stocks in our index ended the month negatively. Big news Although the sector delivered

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Market Pulse | No Sparkle Despite Shiny Results

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Savigny Luxury Index April 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) continued its sluggish performance this month, ending almost flat (SLI components actually fell an average of nearly 2 percent when expressed in local currency) compared to a drop of 0.7 percent in the benchmark MSCI World Index (MSCI).  Newsflow was good overall, with strong results and two successful IPOs, but dampened somewhat by concerns about growth prospects. Big news

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Market Pulse | Status Quo

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Savigny Luxury Index March 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) traded in a relatively narrow bandwidth this month, slipping 0.3 percent, whilst the benchmark MSCI World Index (MSCI) edged up 0.2 percent. Worries over a slowdown in China were offset by yet another string of exceptional results announcements, resulting in a status quo for the month of March. Big news The sector has been awash with strong results announcements with Prada,

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Market Pulse | Throwing Caution to the Wind

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Savigny Luxury Index January 2012 | Source: Savigny Partners

LONDON, United Kingdom — It’s been a strong start to 2012 for the luxury good sector, as equity markets made significant gains in January. Big news The Savigny Luxury Index (‘SLI’) outperformed the benchmark MSCI World Index (‘MSCI’) by 6 percentage points, gaining 11 percent over the month of January, relative to an increase of close to 5 percent for the MSCI. Investors have been exposed to continued good news.  Indeed

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Market Pulse | Resilience in the Face of Uncertainty

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Savigny Luxury Index January 2012 | Source: Savigny Partners

LONDON, United Kingdom — While the luxury industry entered 2012 with an overall outlook that remain uncertain, the sector remained resilient. Big news The Savigny Luxury Index (SLI) lost 2.6 percent in December, whilst the general market index MSCI gained 3 percent over the period.  The cause for this divergence was a temporary sell-off in luxury stocks in mid-December.  Two factors contributed to this: the Italian sovereign debt

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