This article was originally published on ETFTrends.com.
Bank and financial sector-related ETFs have been underperforming despite the rising interest rate environment, and the segment of the market may continue to drag its feet. The Financial Select Sector SPDR (NYSEArca: XLF) rose 1.2% and SPDR S&P Bank ETF (NYSEArca: KBE) gained 2.5% so far this year, whereas the S&P 500 increased 10.1%. Despite [...]
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