Reuters Summit-Hua Nan Fund to keep core holdings in LVMH

Newswire

TAIPEI, May 23 (Reuters) - Hua Nan's Global Luxury Goods Fund will maintain its core holdings in industry leaders such as luxury goods group LVMH and French retailer PPR as they continue to benefit from solid demand in China and other emerging markets, the fund's manager said on Monday. The fund, whose 35.8 percent return in the past year to May beat the 28.9 percent return of the MSCI Consumer Discretionary index, will not buy into shares of Italian firm Prada when it kicks off its ...

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