FYI: Exchange-traded funds that exclude some sectors and funds that use smart-beta factors are part of several new and notable sector-related ETF launches. Unique takes on the sector space are often few and far between—2014 saw only a scattered handful—but over the past year or so, there has been what seems like a burst of such funds.
Regards,
Ted
http://www.etf.com/sections/features-and-news/sectors-new-fund-roundup?nopaging=1