The index tracks the 20 largest stocks, in terms of market capitalisation, from the luxury goods sector. The companies in the index must generate at least 50% of their total revenue from luxury goods. BNP will use the index as an underlying for an open-end certificate with further structured products planned.
Depending on the sector, a stock is considered to belong to luxury goods manufacturer either by virtue of the brand or due to the minimum sale price. The companies in the index come fro