Coming into Thursday, just two of the nine sector SPDR exchange traded funds – the Consumer Discretionary Select Sector SDPR (NYSE: XLY) and the Health Care Select Sector SDPR (NYSE: XLV) – were sporting year-to-date gains.
Among the seven offenders is the Industrial Select Sector SPDR (NYSE: XLI). Though it is not the worst of that bunch, XLI, the largest industrial ETF by assets, is saddled with a 2015 loss in excess of 9 percent. Data points specific to the ETF indicate investors' enthusiasm for the fund is waning.
For example, a recent note from AltaVista Research indicates XLI's shares outstanding count fell 7 percent over the past month and 29 percent over the past year, meaning the fund is losing assets. Year-to-date, ...
/www.benzinga.com/trading-ideas/long-ideas/15/09/5829996/industrial-etfs-are-still-scuffling alt=Industrial ETFs Are Still Scuffling>Full story available on Benzinga.com
More...