ETF Trends
07-30-2008, 05:21 AM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/wp-content/uploads/2008/07/louis-vuitton-aquarelle-bag-300x293.jpg
Counterfeiters can cut into earnings, and therefore exchange traded fund (ETF) returns.
So, perhaps the seizure of an array of fake luxury purses and other items might help.
During a recent raid in Lyon, France, customs agents seized around 5,000 fake Louis Vuitton, Armani, Prada, and Dolce & Gabbana purses, belts and sunglasses, reports Heather Smith for Bloomberg (http://www.bloomberg.com/apps/news?pid=20601205&sid=ayq.25nRkTUE&refer=consumer). The total worth of the items seized is estimated at $1.9 million, according to the French customs agency. Packages sent from Italy to France were taken on July 22, en route to Spain.
Designers hate the fake bags and other knock-offs because it costs them money. The seizure of the knock-offs, could also help the Claymore/Robb Luxury (ROB (http://finance.yahoo.com/q?s=rob)). The ETF holds 4.65% toward LVMH Moet Hennessy Louis Vuitton, and 3% toward Nordstrom, which carry some of the higher end names such as Dolce & Gabbana, Armani and Prada. The fund is down 22.7% year-to-date.
Coach, meanwhile, reported a 33% profit for its fourth quarter, say Chris Burritt and Cotten Timberlake for Bloomberg (http://www.bloomberg.com/apps/news?pid=20601205&sid=adVOR72cQIHc&refer=consumer). But the nation’s largest maker of luxury leather handbags full-year profit estimates trail what analysts had been expecting. Coach (COH (http://finance.yahoo.com/q?s=coh)) is 4.7% of ROB.
Let’s go shopping. But not for fakes!
http://www.etftrends.com/wp-content/uploads/2008/07/z129.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/350263859/designer-knock-offs-seized-helping-luxury-etfs-and-high-end-spenders.html)
http://www.etftrends.com/wp-content/uploads/2008/07/louis-vuitton-aquarelle-bag-300x293.jpg
Counterfeiters can cut into earnings, and therefore exchange traded fund (ETF) returns.
So, perhaps the seizure of an array of fake luxury purses and other items might help.
During a recent raid in Lyon, France, customs agents seized around 5,000 fake Louis Vuitton, Armani, Prada, and Dolce & Gabbana purses, belts and sunglasses, reports Heather Smith for Bloomberg (http://www.bloomberg.com/apps/news?pid=20601205&sid=ayq.25nRkTUE&refer=consumer). The total worth of the items seized is estimated at $1.9 million, according to the French customs agency. Packages sent from Italy to France were taken on July 22, en route to Spain.
Designers hate the fake bags and other knock-offs because it costs them money. The seizure of the knock-offs, could also help the Claymore/Robb Luxury (ROB (http://finance.yahoo.com/q?s=rob)). The ETF holds 4.65% toward LVMH Moet Hennessy Louis Vuitton, and 3% toward Nordstrom, which carry some of the higher end names such as Dolce & Gabbana, Armani and Prada. The fund is down 22.7% year-to-date.
Coach, meanwhile, reported a 33% profit for its fourth quarter, say Chris Burritt and Cotten Timberlake for Bloomberg (http://www.bloomberg.com/apps/news?pid=20601205&sid=adVOR72cQIHc&refer=consumer). But the nation’s largest maker of luxury leather handbags full-year profit estimates trail what analysts had been expecting. Coach (COH (http://finance.yahoo.com/q?s=coh)) is 4.7% of ROB.
Let’s go shopping. But not for fakes!
http://www.etftrends.com/wp-content/uploads/2008/07/z129.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/350263859/designer-knock-offs-seized-helping-luxury-etfs-and-high-end-spenders.html)