Alternatives to the Closing Luxury ETF

By (Tom Lydon),

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Despite a long, drawn-out recession and slower consumer spending, the luxury exchange traded fund ( ETF ) has been one of the best-performing retail ETFs so far this year. That's why it's a shame to bid it adieu.

The luxury consumer is a rarefied group, willing to spend top dollar on the best. It's been said throughout the recession that it's these consumers who will make up the difference for the lower spending levels among less wealthy Americans.

ROB) - will cease trading on Sept. 10, because it was a good idea that targeted an interesting niche. We agree.

If you're looking for exposure to luxury shoppers now, there are some bets, though none that offer as much of a pure play as ROB did. [ Claymore Calls It Quits For Luxury ETF. ]

Dion highlights SPDR S&P Retail (NYSEArca: FXD) , may also be options. FXD holds a little Coach (NYSE: COH ), Nordstrom (NYSE: JWN ) and Polo Ralph Lauren (NYSE: RL ).

You can research all the available consumer discretionary ETFs and their holdings by using the ETF Resume . [ Why Luxury ETF Took A Hit. ]

Tisha Guerrero contributed to this article.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: ETF

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