Each Select Sector SPDR ETF is an “index fund” that invests in a particular sector or group of industries represented by a specified Select Sector Index. The companies included in each Select Sector Index are selected on the basis of general industry classification from a universe of companies defined by the S&P 500®.
What is a select sector SPDR Trust?
The Select Sector SPDR Trust consists of eleven separate investment portfolios (each a “Select Sector SPDR ETF” or an “ETF” and collectively the “Select Sector SPDR ETFs” or the “ETFs”). Each Select Sector SPDR ETF is an “index fund” that invests in a particular sector or group of industries represented by a specified Select Sector Index.
What is a discretionary select sector SPDR?
It is simply the amount of shares that trade hands from sellers to buyers as a measure of activity. A measure that determines the degree to which two variable’s movements are associated. retailing. There are 53 companies in the Consumer Discretionary Select Sector SPDR.