Broadly speaking, consumer discretionary stocks and the related exchange-traded funds were impressive performers in 2015. Last year, the Consumer Discretionary SPDR (ETF) (NYSE: XLY), the bellwether consumer discretionary ETF, climbed nearly 10 percent, including dividends paid.
Overall, the consumer discretionary sector was the best performing group in the S&P 500 last year. However, media stocks were laggards. That much is highlighted by the PowerShares Dynamic Media Portfol. (ETF) (NYSE: PBS) and its 2015 loss of nearly 1 percent.
Making the slide experienced by PBS last year all the more concerning is the fact that the media ETF allocates nearly 5 percent of its weight to Walt Disney Co (NYSE: DIS), one of just nine members of the Dow Jones Industrial Average ...
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