On another note, XLF (SPDR Financials), is not strictly relegated to owning Banks, Brokerages, Investment Managers, and the like, although some may have this misconception. For example, top holding in IYR (SPG – Simon Property Group) is the 9th largest holding in XLF (2.43%) weighting, and the REIT sub-sector itself has a 12.99% weighting in the ETF. No doubt, broader Financials as well as related subsectors including REITs will likely continue to see flurries of activity heading into the end of the year post the U.S. elections.
iShares Dow Jones US Real Estate
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