Justin Menza for CNBC.com reports that news of the European Central Bank taking steps to contend with the debt crisis and that U.S. and Chinese policy makers will take action to stimulate growth, has given the stock market strength. Cyclical and growth sectors such as energy, materials and consumer discretionary are positioned to outperform in August.
Year-to-date, through august 16, OEF has gained 16%. Comparatively,the iShares S&P 500 Index Fund (NYSEArca:IVV) ,which tracks the S&P 500, has gained 14% over the same time period. The stocks that are held in OEF are viewed positively from a risk and valuation standpoint by S&P Capital. [Surveying S&P 500 ETF Options]
iShares S&P 100 Index Fund
Tisha Guerrero contributed to this article.