eToro launches smart portfolio of world's most luxurious brands

EToro, the social investment network, announced the launch of LuxuryBrands – the latest addition to the Smart Portfolios themed package offering investors long-term exposure to the luxury goods industry. The luxury goods market has always resisted fleeting fashions, retaining the necessary value and attracting customers, thereby providing itself with key price power.

"Despite the pandemic-induced cuts in discretionary spending, luxury brands have rebounded decisively and more than retained their value in a world of rising inflation. Their timeless nature has made them immune to changes in consumer demand. and after a contraction in 2020, their market grew by 13-15 percent in 2021 to reach €1.14 trillion," Dani Brinker, head of investment portfolios at eToro, said.

Luxury stocks performed well during the pandemic, both in terms of 'narrow' luxury such as fashion, leather, beauty, and 'broad' luxury, including cars, alcohol and sportswear.

(WBJ)