With the back-to-school shopping saga underway and the holiday season around the corner, retailers are preparing for their most important time of the year. Investors should try to position themselves to take advantage of the seasonal surge in consumer spending.
Here are three retail ETFs whose holdings could be positively affected by the expected rise in consumer spending over the next five months.
PowerShares Dynamic Retail Portfolio ETF (NYSE: PMR)
PMR has a portfolio of 29 retailers almost exactly split between consumer discretionary and consumer staples.
The top four holdings are Kroger (NYSE: KR), Costco Wholesale (NASDAQ: COST) and O’Reilly Automotive (NASDAQ: ORLY) at 5.4 percent each, and Macy’s (NYSE: M) at 5.2 percent. The remaining holdings are well distributed and range from 5.2 percent to 2.1 percent of the fund.
Over the last two ...
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