Fund manager reveals what needs to change for her to invest in luxury stocks
1. Chinese consumer confidence slump affects Sanlam's luxury stock investments. 2. LVMH, L'Oreal suffer losses, down 20% and 10% over 6 months. 3. CME Group is favored for its strong margins and predictable cash flow. 4. LVMH's Q4 sales fell 3%, with Asian revenue dropping 16%.