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By: Going Like Sixty
Luxury Investment Funds - Exchange Traded Funds for the Lovers of Opulence (GALLERY)
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Luxury Magazine Robb Report has launched its own fund.
The theory is that luxury goods are nearly inflation proof. What billionaire is going to stop buying the latest Gulfstream or Bentley, just because they dropped a few million playing Baccarat?
If you believe that theory, then there is an Exchange Traded Fund just for you from Claymore Securities and Robb Report.
Caution: if you invest in ROB, immigration may visit your Villa to deport your staff, and you may lose money.
“The underlying demand for luxury goods and services has been growing due to the growth of the ultrahigh-net-worth-consumer base,” said Christian Magoon, senior managing director at Claymore of Lisle, Ill. “There was not really a luxury packaged product in the [United States] to act as that.”
(investmentnews)
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Via: investmentnews
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