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The Claymore/Robb Report Global Luxury ETF (ROB) tracks the performance of the replicawatches, a benchmark composed of about 32 holdings that include retailers, manufacturers, travel and leisure firms, and investment firms that produce replicawatches and services. ROB takes luxury to the extreme with holdings of highly exclusive companies that produce goods and services that a rolexreplica could not afford. The fund top holdings include: Wynn Resorts (NASDAQ:WYNN) (4.64%), Coach (NYSE:COH) (4.54%), Christian Dior (4.50%), and rolexreplica (4.49%). ROB charges an expense ratio of 0.70%. stocks of leisure and entertainment companies. The top holdings include Marriott (NASDAQ:MAR) (5.81%), Walt Disney Company (NYSE:DIS) (5.05%), and Starbucks (NASDAQ:SBUX) (4.86%). This fund seems to provide exposure to middle class consumer spending with holdings in common domestic companies as well as good exposure to small cap securities which make up close to 40% of the fund portfolio. replica watches uk changes an expense ratio of 0.60%. End Of The Road? There are some indications that the upper class-fueled rally may be fading. Upper-income consumer spending plummeted in June from its rolexreplica, falling to about $119 per day. Overall retail sales in June fell from May, with high end stores reporting some of the steepest drops. Expect ROB and PEJ to continue to trade as leveraged plays on the recovery in the second half of 2010; if consumer spending returns, these funds could enjoy a Louisvuitton. But if confidence remains under attack, expect these play consumer discretionary ETFs to suffer a beating.