Friday, June 22, 2007

Finally: First Fashion Free-For-All Fund Found!


Ever wanted to own a portfolio of luxury brands but didn't have to time to research them all? The Chic Fund might just be for you. The brains over at Dominion Funds created Chic to capture the growth in the luxury segment, which has exploded over the last half-decade. The fund owns iconic brands such as Herm├Ęs, Louis Vuitton, Ferragamo, Tod's, Van Cleef & Arpels, Bottega Veneta, Bulgari; even a little stake in Rolls-Royce to keep those fashion houses company.


The minimum investment is $10,000, and there's an annual management fee of 2.27 percent. Wonder if they'll give me a Louis Vuitton briefcase just for signing up?

Doubtful.

Chic Fund

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