Investment Idea #28
Let's talk more about the GLUX ETF.
This post builds on an earlier post discussing luxury goods.
This substack discussed QYLP, a covered call ETF for Nasdaq which was an interesting idea but unfortunately it has yet to generate positive return. Today we shall discuss the second ETF which was touched upon briefly (see post below).
What Exactly are Luxury Goods?
I spent quite some time puzzling over this question after a couple of recent encounters and I thought it might be worthwhile to write this out. These encounters prompted me to think deeply about the above - What exactly are luxury goods?
Since we discovered that activists have targeted Swatch and Diageo, perhaps learning more about the GLUX ETF would be a way to better study and understand luxury names. The following two links provide some good data on GLUX:
The second link from tradingview provides details about the basket of stock holdings that serve to replicate the index and not the actual index constituents. We shall touch upon this technical aspect later in the post.
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