- Business
- Themes European Luxury ETF (FINE), a passively managed exchange-traded fund issued by Themes ETF Trust, seeks to track the price and yield performance, before fees and expenses, of the Solactive European Luxury Index (SOLELUXN). The fund provides investors with targeted exposure to approximately 25-34 European companies that derive revenues primarily from luxury accessories, premium clothing, luxury beauty products, cars and yachts, or upscale hospitality; top holdings as of recent data include Kering SA, Douglas AG, Capri Holdings Ltd, Playa Hotels & Resorts NV, and Porsche Automobil Holding SE, spanning sectors such as consumer non-durables (52%), consumer durables (24%), retail trade (16%), and consumer services (8%). FINE trades on the Nasdaq exchange under the ticker FINE (CUSIP 882927403; ISIN US8829274039), features a total expense ratio of 0.35%, and undergoes semi-annual rebalancing with a current portfolio of around 26-33 holdings concentrated in Italy (28%), the United Kingdom (24%), France (20%), Germany (12%), and Switzerland (12%).
Launched on December 13, 2023, and headquartered at 34 East Putnam Avenue, Suite 112, Greenwich, CT 06830, USA, FINE targets institutional and retail investors seeking thematic exposure to the resilient European luxury goods sector amid global consumer cyclical trends. The ETF maintains an equal-weighting strategy focused on developed Europe consumer equities, with geographic operations centered on European public companies but accessible via U.S. exchanges.
In recent developments, Themes ETF Trust, the issuer of FINE, along with its affiliate Leverage Shares by Themes, surpassed $1 billion in total assets under management as of October 2025, reflecting robust growth and investor demand for its thematic ETF suite. No major acquisitions, partnerships, funding rounds, or strategic shifts specific to FINE were reported in the last 1-2 years; the fund continues semi-annual index rebalancing without noted reorganizations or new product launches tied directly to its operations. Themes Management Company LLC serves as investment adviser, with ALPS Distributors, Inc. acting as distributor.