–News Direct–
The Financial SPDR ETF (XLF) offers investors effective access to the largest U.S. financial companies. By tracking an index of S&P 500 financial stocks, XLF provides an opportunity for investors to diversify their portfolios and tap into the potential of the financial sector.
XLF is weighted by market cap, meaning the larger the financial institution, the heavier the weighting. This structure ensures investors are gaining exposure to the most influential players in the sector.
The ETF has proven to be a robust investment vehicle at the heart of the sector, offering a blend of large cap stability and the potential for growth. It's not just banks, XLF offer significant exposure to the credit card industry, capitals markets and insurance.
Key holdings* include:
Berkshire Hathaway (13.40%)
JP Morgan Chase (9.68%)
Visa A (8.11%)
Mastercard A (7.07%)
Bank of America (4.28%)
Wells Fargo (3.63%)
S&P Global (2.50%)
Goldman Sachs (2.28%)
American Express (2.27%)
BlackRock (2.04%)
These holdings represent a diverse cross-section of the financial sector, from banking and insurance to investment services. Each company brings its unique strengths and strategies to the table, providing investors with a balanced exposure to the sector.
The Financial Select Sector SPDR Fund (XLF) is a passively managed ETF that's broadly diversified, offering investors access to a wide range of investment opportunities.
Investors can unlock access to these holdings with XLF, making it easy for anyone interested in the financial sector to get started. With its diverse holdings and accessible structure, XLF offers investors the chance to participate in the sector's potential growth and evolution.
DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication.
About the Company:
Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals.
*Holdings & Weightings as of 2/29/24 subject to change
DISCLOSURES
The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing.
One may not invest directly in an index.
Transparent ETFs provide daily disclosure of portfolio holdings and weightings
All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing.
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
Media Contact:
Company: Select Sector SPDRs
Contact: Dan Dolan*
Address: 1290 Broadway, Suite 1000, Denver, CO 80203
Country: United States
Email: dan.dolan@sectorspdrs.com
Website: https://www.sectorspdrs.com/
*Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust.
SEL007354 EXP 4/30/24
Contact Details
Dan Dolan
+1 203-935-8103
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/xlf-much-more-than-just-money-center-banks-973237862
Select Sector SPDR
COMTEX_449117659/2655/2024-03-12T04:59:56
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Current Hue journalist was involved in the writing and production of this article.