Want to invest in the Baby Boom retirement wave? Consider Goldman Sachs’ Baby Boomer Basket E-Warrant–but only if you’re bullish on boomers in Japan. The basket mirrors the performance of 11 companies serving the Japanese boomer demographic. It’s heavily weighted toward travel, fitness and home products. Japanese retirees typically take their pension payouts in one lump sum. According to the Financial Times, that means Japanese boomers will spend their money in bigger bursts:

As a tradition in Japan, a large proportion of salarymen’s post-retirement income comes as a big lump sum at the moment they leave their company. This gives them a large amount of money to indulge in travel and other hobbies, which explains why East Japan Railway and Konami, which runs fitness clubs, each has a 10 per cent weighting in the Goldman basket.

Several large banks also are in the basket, which Goldman begins offering this month.

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