Paris-based conglomerate LVMH Moet Hennessey Louis Vuitton, posted revenues worth € 28.7 billion in the first half of 2021. As per ETF Trends reports, the group’s revenues grew by 56 per cent from the same period last year and by 14 per cent from 2019. The fashion and leather goods segment saw the largest growth in revenues. Revenues from the segment during the first six months increased 81 per cent from 2020 and 38 per cent from 2019 to €13.8 billion. Profits from the segment increased to €5.6 billion.

Due to a strong stock market and near-zero interest rates, the pandemic did not slow down capital creation for many in 2020. According to Credit Suisse, more than 1 per cent of the global population can now be considered dollar millionaires, with the top 10 economies minting 5.2 million new millionaires last year alone, according to Credit Suisse. This brought the global total of adults with more than $1 million to 56.1 million, the most in history.

Introduced in July 2020, the Global Luxury Goods Fund (USLUX) grew by over 56 percent in the 12-month period ending June 30, 2021compared to its benchmark, the S&P Composite 1500 Index, which increased by 42 per cent.