Tech & Media Merge in New SPDR ETF

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Andrew McOrmond, Managing Director, ETF Trading Solutions, at WallachBeth Capital, discussed a new telecommunications ETF on CNBC on Monday that merges tech and media. It’s called the Communications Services Select SPDR Fund (NYSEARCA: XLC) — it tracks the Communication Services Select Sector Index and “seeks to provide precise exposure to companies from the media, retailing, and software [...]

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