Trackinsight: Luxury ETFs holding steady ahead of definitive Omicron data

12/03/2021 | 09:45am

Thematic Luxury ETFs have racked up more than $160 million in net inflows this year and generated double digit gains.

Thematic Luxury ETFs have racked up more than $160 million in net inflows this year and generated double digit gains to reach a combined $360 million in assets (AuM). Successful vaccination campaigns and reopening of developed markets boosted demand for luxury goods and discretionary products.

There are two Thematic Luxury ETFs focusing on this niche industry including the Amundi S&P Global Luxury UCITS ETF (LUXU) and the Emles Luxury Goods ETF (LUXE).  LUXU is by far the largest with $355 million AuM. The fund tracks the S&P Global Luxury, net return index and invests in around 80 major luxury-related securities in the world. Sector exposure is split between Consumer Discretionary (83%) and Consumer Staples (17%) as of October 31st, 2021. In terms of country exposure, the United States has the biggest share (39%) followed by France (23%), Germany (11%) and Switzerland (7%). The fund's holdings include Tesla, LVMH Moet Hennessy, Richemont, Daimler AG, Estee Lauder, Kering, Hermes International, Diageo, Nike, Pernord Ricard among others.

Year-to-date, the fund has generated a cumulative gain of 20% but might suffer from a potential setback if the Omicron variant was deemed dangerous and forced main luxury goods markets to shut down again. For interested investors, LUXU charges an expense ratio of 0.25% and trades on the NYSE Euronext Paris (LUXU), London Stock Exchange (LUXU/G) and the SIX Swiss Exchange.

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