KLXY

KraneShares Global Luxury Index ETF

$26.59

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The KraneShares Global Luxury Index ETF (KLXY) seeks to track the performance of the Solactive Global Luxury Index, which is designed to provide exposure to companies that derive a significant portion of their revenue from the luxury industry.

Overview

ETF tracking KraneShares Global Luxury Index ETF

Category International

Issuer Other

Inception Date 2023-09-07

Market Cap $2.7M

Average Volume N/A

Dividend Yield 0.66%

52-Week Range $20.07 - $27.48

VWAP $26.47

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a portfolio of global companies that are engaged in the production or distribution of luxury goods and services, such as high-end apparel, accessories, jewelry, cosmetics, and automobiles. The fund aims to replicate the performance of the underlying index by holding the same securities in similar weightings.

✨ Key Features

Provides exposure to the global luxury goods and services sector
Diversified portfolio of companies across various luxury industries
Tracks the Solactive Global Luxury Index, which is designed to capture the performance of the luxury market
Low expense ratio of 0.00%

⚠️ Primary Risks

Concentration risk: The fund is focused on the luxury industry, which may be subject to economic and market conditions that disproportionately impact this sector
Currency risk: As the fund invests in global companies, it is exposed to fluctuations in foreign exchange rates
Market risk: The value of the fund's holdings may decline due to general market conditions or other factors
Liquidity risk: The fund may have difficulty buying or selling certain investments at an optimal time and price

👤 Best For

The KraneShares Global Luxury Index ETF may be suitable for investors seeking exposure to the global luxury goods and services industry as part of a diversified portfolio. It may be of particular interest to investors with a long-term investment horizon who are comfortable with the risks associated with investing in a sector-focused fund.