In today’s episode, we are joined by portfolio manager Aneta Wynimko as she gives us an update on global consumer trends and where she is seeing opportunities in the consumer space. Aneta says the beauty space in Europe has grown a lot since the pandemic especially in the fragrance area. She also notes the fragrance niche is hitting the younger female generation as opposed to the older female age group. She comments how the European economy is much more different and slower than the US economy sparking tourism influx into Europe. She notes prices haven't gone up that much in Europe making things much more affordable which is why you’re seeing a massive migration of tourists coming on holiday to European countries. She also notes higher ticket discretionary items are suffering as she says people are hesitant to invest in big ticket items for fear of going into debt. Aneta says anything to do with home improvement is very sluggish. Auto sales like the EV sales trend has slowed down quite a bit. Aneta also comments on the demand of spirits, chocolates and weight loss drugs and the effects they have on the consumer space. 

 Recorded on June 21st, 2024.

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