22.01.2015 - Materials ETFs Mauled by Falling Oil Prices
Oil’s slide has identified some winners at the sector level, namely consumer-related shares, but beyond the energy sector, there are some losers as well. Those losers include the materials sector, which was already scuffling heading into 2015. Last year, the Materials Select Sector SPDR rose just 7.2%, including paid dividends. XLB’s 2014 showing was 630 basis points worse than the S&P 500 and enough to make the fund the second-worst of the nine sector SPDR ETFs behind only the Energy Select Sector SPDR. To this point in the new year, only three of the nine sector SPDRs have traded higher. XLB is not a member of that trio...............................................Full Article: Source
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