Fund manager reveals what needs to change for her to invest in luxury stocks newsthirst.
A slump in Chinese consumer confidence is holding Sanlam investments’ Hannah Gooch-Peters back from buying luxury stocks like LVMH. Speaking to CNBC’s Silvia Amaro, the portfolio manager said she would need a “larger margin of safety” before investing in the world’s largest luxury group. “A lot of these European companies were really deriving their growth…
