( ) aims to invest in the world’s best growth shares. These come in different forms, from established businesses to newer enterprises making waves somewhere in the world. A few days ago, the revealed its newest portfolio holdings — and they’re certainly very different companies.
One originated in Paris in 1837, while the other was founded in 2013 in Brazil. Here’s the lowdown on these latest moves. Iconic luxury goods The first new addition is , the French luxury brand known for its silk scarves and leather goods like the Birkin bag.
Scottish Mortgage said that 187-year-old Hermès “ ”. Like (another holding), Hermès’ customers must be invited to buy its higher-end products, which helps maintain its aura of exclusivity. Both are regularly ranked as the world’s most valuable luxury brands.
Of course, the company faces competition from the likes of Louis Vuitton, while future shifts in consumer preferences are always a possibility. However, this looks like a solid portfolio addition to me. The other Nu stock The second share is ( ).
This is a digital bank (better known as Nubank) in Latin America that’s growing rapidly. This is reflected in its share price, which is up 215% in two years. Scottish Mortgage said Brazil’s Nubank “ “.
Incredibly, the firm now has over 104m customers, despite operating in just three countries (Brazil, Mexico, and Colombia). Further international growth seems certain. As of the second quarter, it had added more customers in.