Luxus, an investment fund devoted to exclusive Hermès bags, returned 24% in 2023. The luxury-goods market remains risky. The fund invests in Hermès Birkin and Kelly bags, which have outperformed traditional assets.
However, the broader luxury sector faces volatility. Analysts note that bag values can fluctuate based on demand and condition. The fund's success highlights the growing appeal of luxury assets as alternative investments.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing