Amundi Global Luxury UCITS ETF USD Acc (GLUX)

Profile

https://oci-global.com

Amundi Global Luxury UCITS ETF USD Acc is an exchange-traded fund that seeks to replicate the performance of the S&P Global Luxury Index through synthetic replication using derivatives such as swaps. Launched on December 4, 2008, and domiciled in Luxembourg, this accumulating ETF reinvests dividends rather than distributing them, with a total expense ratio of 0.25% per annum. Managed by Amundi Luxembourg S.A. and co-managed by Amundi Asset Management, it primarily invests in large-cap companies operating within the global luxury sector, spanning industries like high-end fashion, jewelry, automobiles, hospitality, and premium consumer goods. The fund's assets under management stand at approximately 380 million EUR, featuring a single top holding in a total return swap tied to the index for efficient tracking. As a UCITS-compliant vehicle, it provides investors with targeted exposure to the dynamic luxury goods market, capturing worldwide leaders in aspirational branding and discretionary spending trends without direct equity holdings.