Wombat offers investors a piece of the world’s leading luxury brands
UK investment platform Wombat is offering UK investors access to many of the world’s leading luxury brands this Christmas with the addition of ‘The High Ender’ ETF to its micro-investing platform.
The firm writes that the fund offers exposure to some of the most prestigious and well-known global companies from the fashion, beauty and automobile industries.
‘The High Ender’ is the 28th theme-based fund to be added to the Wombat platform and it will give users the opportunity to invest in famous brands such as Ferrari, Louis Vuitton, Moet Hennessy, Porsche and Tesla.
The fund is listed on the London Stock Exchange with the ticker LUXG and has assets under management worth nearly GBP270 million.
It comprises 80 of the largest publicly traded companies engaged in the production or distribution of luxury goods or the provision of luxury services.
Wombat’s mission is to make investing more accessible, and its thematic ETFs are a crucial part of its offering to new or novice investors, the firm says.
Since its launch in 2019, Wombat has attracted over 200,000 users, and offers access to a selection of curated UK, US and EU shares alongside its thematic funds.
Kane Harrison, CEO and co-founder of Wombat, says: “This fund offers access to some of the biggest companies in the world specialising in luxury goods and services.
“For most people, shopping in the stores of Louis Vuitton and Burberry, or buying a Ferrari will be out of reach, but this fund provides the opportunity for people to own a little piece of these famous brands.
“Plus, what better time to enter into the world of high society than at Christmas. We want to offer investors access to the brands they love and that reflect their interests, lifestyles or beliefs.
“This fund certainly delivers on that front and will provide users with even greater choice when deciding where to invest their money.”