| From Seekingalpha.com: In December 1998, the Select Sector SPDRs were born. This proved to be a groundbreaking and historic event that has forever altered the way people invest in the stock markets. These nine exchange-traded funds (ETFs) are a core group of ETFs that allow investors to customize their portfolios with focus on individual sectors that collectively make up the S&P 500.
And it is this group of ETFs that ultimately made this type of investment vehicle so wildly popular. XLY, XLP, XLE, XLF, XLV, XLI, XLB, XLK, and XLU now have combined assets in excess of $26b! Among this core group of ETFs were the very first commodities-based ETFs, and this built the foundation for a commodities ETF revolution..... Full Article: Source
|