“…they’re one of the largest luxury cosmetics companies in the world and what we like about that is that they have a network of brands and a network of consumers all over the world who associate their brands with wealth, status, and beauty and so people buy their products to socially signal their status and these signals are only reliable as long as they’re costly. This enables Estee Lauder to keep raising their prices over time. And so that’s why we like the company in general. But in terms of earnings, I would say that it’s a good time because with the recent coronavirus fears, it’s giving investors a great opportunity to buy a great business on short-term fears.”
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Earnings Growth is not a measure of the Fund’s future performance.
As of 03/31/2020 the YCG Enhanced Fund downside capture ratio was 85% of the S&P 500’s downside comparing the fund and the index over a 3 year period. The upside capture for the Fund relative to the S&P 500 over the same time period was 96%.
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