Some obvious themes are emerging amid a poor start to 2016 for equities. Predictably, investors are favoring conservative, lower beta sectors such as consumer staples and utilities. Second, small-cap stocks and exchange-traded funds are struggling.
A combination of those themes via the PowerShares S&P SmallCap Consumer Staples Portfolio (PowerShares S&P SmllCp Csmr Stpls Pfo (NASDAQ: PSCC)) has, at the very least, proven less bad than being invested in broader small-cap ETFs. PSCC, the small-cap answer to the popular Consumer Staples Select Sect. SPDR (ETF) (NYSE: XLP), is down 4.3 percent year-to-date compared to an average loss of about 10 percent of the Russell 2000 and S&P SmallCap 600 indices.
PSCC ...
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