Savigny Partners Newsletter

27/01/2012

 

A tale of two halves

The Savigny Luxury Index (‘SLI’) outperformed the MSCI World Index (‘MSCI’) by 16 percentage points despite a string of severe beatings over the year.  It gained close to 8% over the year, relative to a decline of almost 8% for the MSCI.  Stripping out the effects of the Prada IPO in June, which mechanically boosted our index through the introduction of a large number of new shares, the SLI still ended the year up 3%. 

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