Overview
French equity market led by LVMH and Hermes — 30% of the fund in world-class luxury brands. TotalEnergies, Airbus, and Sanofi round out a diversified but luxury-dominated portfolio. Strong 2025 on ECB easing and defense boom.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| MC | LVMH Moet H. | 18.4% |
| RMS | Hermes Intl. | 10.8% |
| TTE | TotalEnergies | 8.4% |
| AIR | Airbus SE | 7.8% |
| SAN | Sanofi SA | 6.4% |
| AI | Air Liquide | 5.8% |
| BNP | BNP Paribas | 4.8% |
| OR | L'Oreal SA | 4.4% |
| ACA | Credit Agricole | 3.8% |
| SGO | Saint-Gobain | 3.4% |
Fund Details
Investment Thesis
France is home to a uniquely powerful cluster of global luxury goods companies. LVMH and Hermes together represent roughly 30% of EWQ and possess pricing power and brand equity virtually impossible to replicate. These companies sell aspirational goods to the world's wealthy across every economic cycle, creating recession-resistant revenue streams. Airbus's aviation and defense backlog extends years into the future. TotalEnergies' diversified energy portfolio balances traditional and renewable exposure. The 2025 performance reflected both luxury sector resilience and the broader European equity re-rating.
Who It's For
Investors who want concentrated exposure to the world's leading luxury goods companies alongside French industrial and energy champions at European valuations. EWQ suits those making a country-level allocation to France as part of a European equity strategy, and investors who believe French luxury sector global dominance justifies premium exposure. The luxury weighting makes EWQ somewhat more resilient during economic slowdowns than value-heavy European peers.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $22.42 | -- |
| 2017 | $30.18 | +34.6% |
| 2018 | $24.82 | -17.7% |
| 2019 | $30.42 | +22.6% |
| 2020 | $30.82 | +1.3% |
| 2021 | $36.82 | +19.5% |
| 2022 | $28.42 | -22.8% |
| 2023 | $36.42 | +28.1% |
| 2024 | $30.42 | -16.5% |
| 2025 | $38.46 | +26.4% |
| Year | Yield |
|---|---|
| 2016 | 2.42% |
| 2017 | 2.22% |
| 2018 | 2.52% |
| 2019 | 2.28% |
| 2020 | 2.02% |
| 2021 | 1.82% |
| 2022 | 2.32% |
| 2023 | 2.12% |
| 2024 | 2.22% |
| 2025 | 2.42% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.6B | -- |
| 2017 | $0.8B | +33.3% |
| 2018 | $0.6B | -25.0% |
| 2019 | $0.7B | +16.7% |
| 2020 | $0.7B | 0.0% |
| 2021 | $0.9B | +28.6% |
| 2022 | $0.6B | -33.3% |
| 2023 | $0.8B | +33.3% |
| 2024 | $0.8B | 0.0% |
| 2025 | $0.68B | -15.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
Related Country ETFs ETFs
Markets. Intelligence. Daily.
Full briefs on 251 ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →