Underscoring investors' affinity this year for lower risk sectors, the Utilities SPDR (ETF) (NYSE: XLU) is by far the best-performing sector SPDR exchange-traded fund with a gain of 11.3 percent. Further cementing the notion low beta is in style this year, the Consumer Staples Select Sect. SPDR (ETF) (NYSE: XLP) is in the second spot behind XLU with a gain of 3.9 percent.
But wait. There's more. Last Friday, 19 ETFs hit all-time highs. Including XLP, four were staples ETFs, while another seven were broad market or dividend ETFs with large allocations to the consumer staples sector.
It Costs A Pretty Penny
Embracing XLP and rival staples ETFs is not inexpensive. In fact, XLP is expensive. At least according to AltaVista Research, which estimates the ETF will trade at 20.8 times earnings this year, well above the research ...
/www.benzinga.com/trading-ideas/long-ideas/16/03/7703527/old-reliable-with-this-staples-etf alt=Old Reliable With This Staples ETF>Full story available on Benzinga.com
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