To get a sense of how the luxury market is doing, the S&P Global Luxury Index, which tracks 80 of the largest luxury goods and services companies, is down 0.5% so far this month and is 6.6% lower year-to-date. Looking at the past 5 year annualized returns, the index averaged a 11.8% gain.

For more information on new fund products, visit our new ETFs category.

Money managers who are looking into constructing their own ETFs may also be interested in attending the second annual ETF Boot Camp in New York later this month. Whether you’re an ETF start-up, fund company, broker dealer, pension plan, endowment, private equity firm, fund board independent director, 401k plan provider or ETF industry executive…this conference is designed for you. This one-of-a-kind event will condense everything you need to know about the inner workings of the ETF business into two days.

Max Chen contributed to this article.