Magellan: The rise of the Chinese consumer
Nicolas Burgess
EL&C Baillieu
China’s middle class is expected to double to over 600 million people in the next five years, according to global asset manager Magellan Financial Group. The upper class of around 50 million people is expected to increase by a factor of four over a similar time frame.
Chris Wheldon, Portfolio Manager of Magellan’s High Conviction Fund, discusses three stocks that may benefit from the rise of the Chinese consumer: LVMH Moet Hennessy Louis Vuitton (LVMH.PA), the world’s largest luxury goods company; Estee Lauder (NYSE: EL), the prestige beauty products maker; and Alibaba (NYSE: BABA), China’s e-commerce and online marketplace group.
Tune in to hear how Magellan is positioning its portfolios for the vast socio-economic shift in China.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Nicolas Burgess, CFA is a research analyst at EL&C Baillieu Limited, focusing on small and mid-caps including the technology, diversified financials and insurance sectors. He has been an analyst for over 18 years and been at EL&C Baillieu since 2012.
3 topics
Nicolas Burgess
Research Analyst
EL&C Baillieu
Nicolas Burgess, CFA is a research analyst at EL&C Baillieu Limited, focusing on small and mid-caps including the technology, diversified financials and insurance sectors. He has been an analyst for over 18 years and been at EL&C Baillieu since 2012.
Expertise
Nicolas Burgess
Research Analyst
EL&C Baillieu
Nicolas Burgess, CFA is a research analyst at EL&C Baillieu Limited, focusing on small and mid-caps including the technology, diversified financials and insurance sectors. He has been an analyst for over 18 years and been at EL&C Baillieu since 2012.
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Why "buy and manage" is the better way to invest in stocks
Livewire Markets
