Best Financial Companies To Buy Right Now: Select Sector Utilities Select Sector SPDR Fund (XLU)
Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies that produce, generate, transmit or distribute electricity or natural gas.
The Fund utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index. The Fund's investment advisor is SSgA Funds Management, Inc.Advisors' Opinion:
- [By Bruce Vanderveen]
Utilities Select Sector SPDR ETF (XLU) is the largest utility ETF; it has $5 billion in assets under management and currently has holdings in 32 large (mostly electric) US utilities.
- [By Tom Aspray]
If you are willing to spend the time and do the work, I think you can become your own investment analyst. These more active investors should consider a core position in an S&P-500-tracking ETF and then allocate to other industry-specific ETFs. So far in 2014, the Select Sector SPDR Utilities (XLU) is up 8.8% for the year. Not too far behind is the Select Sector SPDR Health Care (XLV), which is up 7.8%.
source from Top Stocks Blog:http://www.topstocksblog.com/best-financial-companies-to-buy-right-now.html