CAC 40
CAC · EUR
Global luxury, aerospace and energy with worldwide pricing power.
The CAC 40 derives ~75% of its revenue outside France. It's a global index in disguise — a basket of luxury houses, aerospace primes and energy majors that happen to be headquartered in Paris.
Sector breakdown
What drives the index
Luxury
25%LVMH, Hermès, Kering, L'Oréal — global pricing power.
Industrials
18%Airbus, Schneider, Safran, Vinci.
Energy & Utilities
12%TotalEnergies, Engie.
Healthcare
12%Sanofi, EssilorLuxottica.
Financials
18%BNP, AXA, Crédit Agricole.
Top companies
The franchises that matter
LVMH
Largest luxury conglomerate in the world.
Hermès
Highest gross margins in retail. Birkin waitlists in years.
TotalEnergies
Integrated major pivoting into LNG and renewables.
Airbus
Half of the global commercial aircraft duopoly.
Schneider Electric
Electrification & datacenter infrastructure leader.
Latest News
LVMH's Bernard Arnault has been the world's richest person multiple times.
Hermès only opens its Birkin allocation to existing top-tier clients — you can't just buy one.
Airbus delivers more commercial aircraft annually than Boeing.
- Global brand moats
- Aerospace duopoly position
- Dividend culture
- China luxury cyclicality
- EU regulation
- Labor inflexibility
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