Increasingly, watch brands that prioritize corporate metrics over collector preferences find themselves struggling to maintain relevancy. As such, we are not surprised to see the disposition of Girard Perregaux and Ulysse Nardin from Kering SA, and maintain a positive outlook for top names in the Swiss watch industry as well as the Kering family of brands.
The Emles Luxury Goods ETF (LUXE) seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Emles Global Luxury 50 Index, an index comprised of companies that substantially focus on, and significantly benefit from, the sales and consumption of luxury goods globally.