The Utilities SPDR (ETF) (NYSE: XLU) is the only one of the sector SPDR exchange-traded funds higher on a year-to-date basis, but the Consumer Staples Select Sect. SPDR (ETF) (NYSE: XLP) is not far behind with a barely noticeable 2016.
The last couple of days of market action aside, leadership from ETFs such as XLP and XLU generally is not considered encouraging regarding risk appetite, but these shelter-from-the-storm plays are what's working this year, and that trend could continue as Treasury yields move lower.
The Constant Appeal Of Consumer Staples
Data indicate advisors and investors are clearly enthusiastic about consumer staples stocks and ETFs this year. Year-to-date, XLP has added nearly $965 million in new assets. Among sector ETFs, only XLU has outpaced XLP's 2016 inflows.
“Consumer staples stocks, which generally ...
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