It is important to read these terms and conditions carefully, as they
govern access to this site. By clicking the “CONFIRM” button, you have
understood and accepted these terms and conditions in addition to any
further terms contained on individual pages. If you do not accept the
terms and conditions as outlined hereunder, you are not authorised to
proceed to use the information/services on this website. These terms
and conditions are without prejudice to any contractual terms you may
enter into with us, which will take precedence over these terms and
conditions.
Publisher
The information contained on this website (“the Content”) is provided
for information only and unless otherwise attributed, is published by
Provenance SICAV PLC (“PSPLC”). Content relating to other entities is
provided solely for context, in order to understand the operations of
PSPLC.
Restricted Access
The content is not directed at or intended for distribution to any
person (or entity) who is a citizen or resident of (or located or
established in) any jurisdiction where the use of the content (or the
purchase or sale of any particular security or investment) would be
contrary to applicable law or regulation or would subject PSPLC (or any
of its associates) to any registration or licensing requirement.
Persons who wish to access this content are required to inform
themselves about and to observe any legal or regulatory restrictions
which may affect their eligibility to access the website, the content or
to subscribe for interests in any particular security or investment.
Professional advice should be sought in cases of doubt.
No Offer
The content on this website is not an invitation to make an
investment nor does it constitute an offer for sale. It also does not
constitute an advertisement for any particular security or investment in
a country where that security or investment is not registered for sale.
The full documentation required to make an investment, including any
offering memorandum and Key Investor Information Document (KIID), is
available from PSPLC.
No Reliance
Nothing contained in the content constitutes investment, legal, tax
or other advice or a recommendation to purchase or sell any security or
investment. You should not rely on any of the Content in making an
investment or other decision but should obtain relevant and specific
professional advice and read the terms and conditions contained in the
relevant offering memorandum carefully before any investment decision is
made.
Investment Performance
Potential investors should note that investments can involve
significant risks and there are many reasons why the value of an
investment may go down as well as up and are not guaranteed. No
assurance can be given that the investment objective of any security or
investment will be achieved or that substantial losses will not be
suffered. There is no guarantee of trading performance and past or
projected performance is not necessarily a guide to future results.
Changes in the rate of foreign exchange may cause the value of the
investments to go up or down and may also affect the amount received
upon redemptions.
Potential investors are kindly advised to read the relevant risk factors
for the Luxury Brands Fund which are contained in the Offering
Memorandum and applicable supplements.
United States Users
Any securities or investment that are described or appear on this website are not available to United States persons.
Copyright and Use
All text, images and other content on this website is copyright of
PSPLC unless explicitly stated otherwise. It may not be downloaded or
copied without first obtaining permission for personal, non commercial
use.
Security
The transfer of content via the Internet or by e-mail may not be
secure and PSPLC accepts no responsibility for any communications made
via the Internet or by e-mail, which are not correctly delivered or are
intercepted by third parties. It is important for you to protect
against unauthorised access to your password and to your computer.
PSPLC cannot accept responsibility or liability whatsoever for any
loss, disruption or damage to your data or your computer system which
may occur whilst using material derived from this website.
Accuracy of Information
Whilst PSPLC takes all reasonable steps to ensure that the Content is
accurate and up to date, it has been compiled in good faith for
illustrative purposes and no representation is made as to its
completeness or accuracy and therefore no liability can be accepted for
any errors or omissions. If you are in any doubt or wish to rely on
this information, then please contact your financial advisor.
PSPLC makes no commitment, and disclaims any duty, to update or
correct or to provide notice as to any error or omission in any of the
content. PSPLC reserves the right to add, modify or delete Content at
any time. PSPLC is not responsible for any unauthorised use, access or
alteration to this website or any loss or damage suffered by users of
this website which arises directly or indirectly out of such authorised
use, access or alteration.
Links to other Websites
This website may contain hypertext links to other websites for your
convenience. PSPLC does not accept any responsibility or liability for
the content of any website that is linked to this website. PSPLC
disclaims all liability in respect of such content. Linking of whatever
kind to this website is prohibited without the prior consent of PSPLC.
Any person wishing to provide a link to this website should provide a
notification by email giving the full details f the links that are
required.
Where information from third parties is displayed on our website
PSPLC cannot accept responsibility for its accuracy or completeness and
any views expressed concerning the performance or attractiveness or
otherwise of any particular product or investment should not be
considered to represent PSPLC’s views.
If you are visiting this website from outside Malta, your visit will
necessarily result in the transfer of information across borders. By
visiting this website and communicating electronically with PSPLC you
are consenting to these transfers. PSPLC may use cookies (information
that is stored on your computer's hard drive) to allow you to login, to
keep track of your preferences and for us to track usage of the website.
PSPLC may collect IP addresses to help diagnose problems with our
servers and for system administration but will only use these addresses
for technical and tracking purposes.
Governing Law
This website is governed by the laws of Malta and the Courts of Malta
have exclusive jurisdiction over all claims or disputes arising from or
in connection with this website. Any communication with this website
shall be deemed to have taken place in Malta irrespective of where the
remote user may be physically located.
Brochure Disclaimer:
This document is for information purposes only and shall not be
deemed as an offer or solicitation to any other person or entity to buy,
sell or dispose of any other rights pertaining to any financial
instrument. Potential Investors must agree with and subscribe under the
terms and conditions specified in the Offering Memorandum and Offering
Supplement of the Luxury Brands Fund which are available from Provenance
SICAV PLC , c/o Praxis Fund Services (Malta) Limited, First Floor,
Orange Point, Dun Karm Street, Birkikara By-Pass, Birkirkara BKR9037, Malta. If
potential Investors are in doubt the contents of the Offering Memorandum
or Offering Supplement of the Fund they should consult their
stockbroker, bank manager, legal advisor, accountant or other
independent financial advisor.
Prior to making an investment a Potential Investor must understand
and carefully evaluate the Investment Strategy of the Fund and inherent
risks, such as: risk of not achieving the investment objective, erosion
of capital, exchange rate risk, net asset value fluctuations, lack of
diversification, leverage risk, risks related to use of derivatives,
short sale risk, interest rate risk, credit risk, volatility and
illiquidity of markets, tax and legal risks, restriction or suspension
of redemption rights, dependence on key individuals, third parties
default risk, emerging markets and countries risk and other risks.
THE ABOVE-MENTIONED RISK FACTORS DO NOT PURPORT TO BE COMPLETE LIST
AND EXPLANATION OF THE RISKS INVOLVED IN INVESTMENT IN THE FUND.
POTENTIAL INVESTORS MUST READ THE ENTIRE OFFERING MEMORANDUM AND THE
OFFERING SUPPLEMENT AND MUST CONSULT THEIR OWN PROFESSIONAL ADVISORS
BEFORE DECIDING TO INVEST IN A FUND.
Provenance SICAV PLC is licensed as a Collective Investment Scheme
qualifying as Maltese UCITS under licence number CIS/351A by the Malta Financial Services Authority.
Our flagship strategy is the Luxury Brands Fund, which seeks to offer
long-term capital appreciation by investing in international equities
of companies engaged in offering luxury good or services.
Provenance deploys a highly experienced investment committee, which
spans over 50 years of combined experience in asset management across
multiple market cycles.
The committee conforms to the highest professional standards,
blending unparalleled experience, comprehensive market research and
in-depth industry knowledge.
Our combined resources seek to deliver superior investment
performance through high conviction investing and rigorous risk
management process.
An eye for the finer things
From super yachts to diamond jewelry, prestige cars to haute
couture fashion, luxury brands encompass a glittering array of
premium products synonymous with timeless elegance, exclusivity
and indulgence.
Luxury brands are renowned across the globe for their superior
quality and craftsmanship. For the owner, they convey an image
of success, status and style. They are part of a lifestyle to which
consumers all over the world aspire to belong.
In economic terms, luxury goods are the ones for which the law of
demand tends to reverse – the higher the price, the greater the
demand.
World renowned brands of distinction
The world economy is evolving. It's not just in the West that new
millionaires are making their fortunes. Wealth creation growth is
exploding in the Emerging Markets, and in Asia in particular.
Luxury brands companies are aggressively targeting this new
demographic.
Worldwide economic growth, rising income and wealth levels,
and ongoing global urbanization are all factors fuelling the
development of this prestigious sector.
Thanks to the growing global online personal luxury goods
market, these items are now accessible to a greater
number of people. The consumption of luxury brands by
middle-class buyers is yet another key driver
propelling growth in this flourishing sector.
An investment in
timeless design
The new rich of the Asia-Pacific region, which is seeing the globe's
biggest increase in millionaire households, are making their
presence felt on the economic stage.
An investment in the luxury brands sector is, therefore, not only
an investment in world-renowned names dating back generations,
but also in the immense buying power of these new wealthy
consumers.
Our Luxury Brands Fund seeks to target this rapid shift in
consumerism by carefully selecting only the most aspirational
names with superior brand power, solid fundamentals and enduring
customer loyalty.
Process
Our philosophy is to adhere to a well-defined investment process with
strong investment principals. This is essential to achieve long-term
success through all market cycles. The goal is to find the right
companies within our target sector with the most compelling valuations
that offer the highest likelihood for success.
Research Methodology
We screen the market and focus on three primary factors: valuation analysis, fundamentals as well as the macro environment.
The goal is to not only determine a company's opportunity for
success, but also gauge the industry, economy, and political atmosphere
in which it operates—a critical step often ignored by other firms. After
reviewing the data, the Investment Committee selects those companies
that present the maximum potential for investment success.
Finally, we rigorously monitor volatility at an asset and portfolio
level to ensure risk remains controlled regardless of trading
conditions.
LVMH Moet Hennessy Louis Vuitton SA is an international luxury goods producer and
Louis Vuitton SA distributor formed in 1987. The Company has a portfolio of over 60 brands and an international
retail network of 3384 stores. It (Louis Vuitton) merged with Moet Hennessey which was
formed by the 1971 merger of Moet & Chandon and Hennessy to become LVMH Moet Hennessy
Louis Vuitton SA. It has various brands namely, Tag Heuer, Fendi, Hennessy, Krug, Zenith etc.
Christian Dior SA
Luxury Goods
Christian Dior SA was incorporated on October 8, 1946. It is engaged in manufacture and
dissemination of prestige products. It provides wines and spirits, fashion and leather goods,
perfumes and cosmetics, and watches and jewelry, and engages in selective retailing under
different brands. Other activities and holding companies comprise brands and businesses that
are not associated with any of the abovementioned business groups, most often relating to the
Company's new businesses and holding or real estate companies.
Estee Lauder Cos Inc
Household & Personal Products
Estee Lauder Cos Inc was founded in 1946. The Company is
engaged in manufacturing & marketing skin care, makeup, fragrance
and hair care products. The Company's Aramis and
Designer Fragrances division creates, markets and distributes fragrance
and other beauty
products, including brand names; Aramis, Tommy Hilfiger, Donna Karan,
Michael Kors, Tom
Ford, Coach and Tory Burch. The Company's products are sold in
approximately over 150
countries and territories under a number of brand names including: Estee
Lauder, Aramis,
Clinique, Origins, Bobbi Brown, La Mer and Aveda.
Prada SpA
Luxury Goods
Prada SpA, together with its subsidiaries, is engaged in the design, production and distribution
of high-end leather goods, handbags, footwear, apparel, accessories, eyewear and fragrances.
Pernod Ricard NV
Beverages - Wineries & Distilleries
Pernod Ricard NV was founded in 1975. The Company is engaged in the production and sale of
spirits and wines. Its brand portfolio includes ABSOLUT Premium Vodka, Ricard pastis,
Ballantine's, Chivas Regal, The Glenlivet Scotch whiskies, Jameson's Irish Whiskey, Martell
cognac, Havana Club rum, Beefeater gin, Kahlua and Malibu liqueurs, Mumm, and Perrier-Jouet
champagnes, as well Jacob's Creek and Montana wines. The Company operates in France,
Europe, the Americas, and Asia.
Daimler AG
Automotive Manufacturers
The Company develops, manufactures, distributes and sells automotive products, mainly
passenger cars, trucks, vans and buses. It also provides financial and other services relating to its
automotive businesses. It reports the following five segments: Mercedes-Benz Cars; Daimler
Trucks; Mercedes-Benz Vans; Daimler Buses; and Daimler Financial Services. Mercedes-Benz
Cars designs, produces and sells Mercedes-Benz passenger cars, Maybach high-end luxury
sedans and smart micro compact passenger cars.
Bayerische Motoren Werke AG
Automotive Manufacturers
Bayerische Motoren Werke AG, founded in 1916, manufactures
automobiles and motorcycles worldwide. The Company's activities are
divided into three segments: the Automobiles, the
Motorcycles, and the Financial Services segments. The Automobiles
segment engages in the
development, manufacture, assembly, and sale of cars and off-road
vehicles, under the brands
BMW, MINI and Rolls-Royce, as well as spare parts and accessories.
Hermès International
Luxury Goods
Hermes International was created on June 1, 1938. The Company was taken public on the
Second March of the Paris Stock Market on 3 June 1993. It has been listed on the Eurolist by
Euronext (Compartment A) since 2005. The Company designs, produces, and distributes
personal luxury accessories and apparel. It operates a chain of boutiques that sells items such as
leather, scarves, men's clothes, ties, women's fashions & jewelry.
Swatch Group AG
Luxury Goods
Swatch Group AG and its subsidiaries are engaged in manufacturing and sale of finished
watches, jewelry. It also provides electronic systems used in watchmaking and other industries.
The Company operates in two business segments: Watches & Jewelry segment manufactures
and sells watches and jewelry and Electronic Systems segment designs, produces and
commercializes electronic components, Sports timing activities.
Kering
Footwear & Accessories
Kering was incorporated on June 24, 1881. The Company is engaged in the manufacture of
apparel and accessory brands that operate within two sectors - Luxury and Sport & Lifestyle.
*Portfolio holdings may change over time.
Fund Information
You should consider the Fund's investment objectives, risks, and
charges and expenses carefully before you invest. The Prospectus details
the Fund's objective and poilicies, charges, and other matters of
interest to the prospective investor. Please read the Prospectus
carefully before investing.
Investments in mutual funds carry risks and investors may lose
principal value. Please read the prospectus carefully before investing
as it explains the risks associated with investing in equity funds.
These risks are magnified in emerging markets.
For further information please consult the Key Investor Information
Document (KIID) in the Documents section. Please note that all
documentation is only available in English. Further information is
available by contacting Provenance SICAV PLC using the details in the
Contacts section.
