While August is often thought of as a month of lazy vacations, this year it’s seen the the introduction of some unique ETFs. Claymore Securities, Inc. launched the Claymore/Robb Report Global Luxury Index ETF on the New York Stock Exchange. According to research conducted by CurtCo Robb Media, LLC, analysts anticipate that because of the continued growth and considerable disposable income of high-net-worth individuals, luxury goods and services companies “will continue to enjoy greater pricing power, creating margin-expansion opportunities and fueling further profit growth.” The new ETF tracks an index that is designed to capture the opportunity created by companies whose primary business is the provision of global luxury goods and services. The Claymore/Robb Report Global Luxury Index ETF seeks investment results that correspond to the performance, before the Fund’s fees and expenses, of an equity index called the Robb Report Global Luxury Index (the “Index”). The Index is comprised of no fewer than 20 and up to 100 equity securities traded on major global developed market exchanges, as well as American depositary receipts and global depositary receipts of companies whose primary business is the provision of global luxury goods and services.
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