UltraRich Tag

Luxury has all the time been a rarefied world that few can access.  And because it was in the shop, so it was on Wall Street, where the Average Joe or Jolene investors couldn't easily bet on the large European stalwarts like LVMH Moët Hennessy Louis Vuitton or Hermès International, which trade in Paris. But Tema Global is changing that with a latest exchange traded fund — the Tema Luxury ETF — that makes it easier to take a position within the spending power of the ultra wealthy. While the fund is a democratizing force in luxury investing, the team behind it takes more of a purist view of the sector, specializing in the truly premium players and bypassing the cheaper brands, like...