Despite a long, drawn-out recession and slower consumer spending, the luxury exchange traded fund (ETF) has been one of the best-performing retail ETFs so far this year. That’s why it’s a shame to bid it adieu.

The luxury consumer is a rarefied group, willing to spend top dollar on the best. It’s been said throughout the recession that it’s these consumers who will make up the difference for the lower spending levels among less wealthy Americans.

Don Dion for The Street says it’s a shame that Claymore’s luxury ETF – Claymore/Robb Report Global Luxury Index ETF (NYSEArca: ROB) – will cease trading on Sept. 10, because it was a good idea that targeted an interesting niche. We agree.

If you’re looking for exposure to luxury shoppers now, there are some bets, though none that offer as much of a pure play as ROB did. [Claymore Calls It Quits For Luxury ETF.]

Dion highlights SPDR S&P Retail (NYSEArca: XRT), which has a few of the names contained in ROB (most notably, Tiffany & Co. (NYSE: TIF), weighted at 1.6%). Other consumer discretionary funds, such as First Trust Consumer Discretionary AlphaDEX (NYSEArca: FXD), may also be options. FXD holds a little Coach (NYSE: COH), Nordstrom (NYSE: JWN) and Polo Ralph Lauren (NYSE: RL).

You can research all the available consumer discretionary ETFs and their holdings by using the ETF Resume. [Why Luxury ETF Took A Hit.]

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.