The markets and exchange traded funds (ETFs) have been pushing upward, and defensive sectors been leading the pack. Let’s take a look at the types of defensive plays offered in the world of ETFs.
Defensive sectors have led the market over the last few weeks, remarks Gary Gordon for TheStreet, although, it might be because of year-end yield harvesting or efforts to combine cash-flow ETFs with growth ETFs. Among some of the top ETFs leading us out of 2009 include:
- Utilities Select Sector SPDR (NYSEArca: XLU)
- iShares Dow Jones U.S. Telecom (NYSEArca: IYZ)
Additionally, semiconductors and agribusiness are still performing remarkably well.
- SPDR S&P Semiconductor (NYSEArca: XSD)