Ebbing Luxury Demand Puts These ETFs in Focus

After experiencing a difficult 2023, ebbing demand and a slowdown in global economies are set to make 2024 more difficult for luxury brands. In spite of China reopening in early 2023, demand for personal luxury items at constant currency rates dropped down to 8%, just marginally above global inflation, according to Bain, as quoted on Financial Times. This follows a remarkable three-year period of nearly 20% average sales growth.The slowdown in demand is indicative of the substantial downturn in the market. ...