A group of fashion companies including Hugo Boss, Polo Ralph Lauren and Hermes International will have their stocks tracked by a Swiss private Bank, Vontobel, who is introducing structured notes. Vontobel recently reported that “luxury goods companies in Europe are expected to post sales growth of 7 percent on average this year, after slumping 6.6 percent in 2009.” The Swiss bank also confirmed that fashion companies returned about 50% last year- now that ‘is’ a fine ROI. Vontobels notes will return any gain or loss to investors across 11 stocks altogether.
Image credit: hermes.com
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