FYI: In a year in which investors have prized defensive, low volatility assets and sectors, it’s not surprising that the Consumer Staples Select SPDR (NYSEArca: XLP) is one of the best-performing sector exchange traded funds on a year-to-date basis with a gain of nearly 2%.
XLP’s bullishness this year is a reversal of fortune from late 2015. XLP and rival staples ETFs had their hands full with rising rate-related issues. For example, several of the largest staples names have reported lackluster earnings, blaming the strong dollar for weak overseas currency conversions.
Regards,
Ted
http://www.etftrends.com/2016/03/consumer-staples-etfs-find-allure-as-investors-play-defense/Click On XLP YTD & Click On Consumer Staples For Holdings
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http://www.sectorspdr.com/sectorspdr/tools/sector-tracker
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