Recent history shows that various market crises have been caused by severe downturns in one sector. Earlier this century, it was the technology/dot-com bubble bursting. In 2008, it was the collapse of the financial services sector that triggered the Great Recession.
Though the jury is still out, some market observers are wondering, and rightfully so, if the combination of plunging oil prices and increased debt defaults by energy issuers could spark more broader market problems. With history in mind, investors might be relieved to know some new exchange traded funds exclude particular sectors while delivering the remaining parts of the S&P 500.
ProShares, the largest issuer of inverse and leveraged ETFs, continued expanding its lineup of traditional beta funds on Thursday with the introduction of four S&P 500 Ex Sector ETFs. Each serves up the S&P 500 without exposure to a sector: energy, financials, technology or healthcare.
Related Link: Slowing Buybacks Drag On Buyback ETFs
The ProShares S&P 500 Ex-Technology ...
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