No Surprise: Amazon is Important to Discretionary ETFs

This article was originally published on ETFTrends.com.

Traditional cap-weighted consumer discretionary exchange traded funds, such as the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY), are usually dominated by shares of Amazon.com (NASDAQ: AMZN). For example, XLY, the the largest exchange traded fund tracking the consumer discretionary sector, devotes almost 22% of its weight to Amazon, or more than triple the weight the [...]

Continue Reading Below

Read more at ETFTrends.com >