No Surprise: Amazon is Important to Discretionary ETFs

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Traditional cap-weighted consumer discretionary exchange traded funds, such as the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY), are usually dominated by shares of (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 [...]

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