Equity Investors Go Defensive with Consumer Staples ETF
This article was originally published on ETFTrends.com.
Companies that sell basic goods and broad consumer staples sector ETFs are pushing higher as investors hedge their equity bets with a more defensive play. The Consumer Staples Select SPDR (NYSEArca: XLP), the largest ETF tracking the sector, increased 10.0% over the past three months while the S&P 500 gained 4.5%. ETF investors have also [...]