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. 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.