As has been previously highlighted in this space, the real estate group will become the eleventh S&P 500 sector at the end of August, separating from financial services. That means changes are afoot for the Financial Select Sector SPDR Fund (NYSE: XLF), the largest exchange-traded fund dedicated to the financial services sector. Financials are the second-largest sector weight in the S&P 500 behind technology.
Changes Big And Small(er)
In response to the 2014 decision by index providers MSCI and Standard & Poor's State Street Global Advisors (SSgA), XLF's issuer, launched the Financial Select Sector SPDR Fund (NYSE: XLFS) and the Real Estate Select Sector SPDR Fund (The) (NYSE: XLRE) as a means of giving investors pure sector exposure when real estate becomes the eleventh GICS sector.
/www.benzinga.com/trading-ideas/long-ideas/16/06/8169315/a-new-look-is-coming-for-xlf alt=A New Look Is Coming For XLF>Full story available on Benzinga.com
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