Still, the following should be remembered: PBS debuted in June 2005, so it has been around for four U.S. election years – 2006, 2008, 2010 and 2014. With 2008 being the outlier because of the global financial crisis, PBS posted double-digit gains in the other election years, including a 20.2% gain in the 2010 mid-term cycle.
And do not forget that PBS is more than an “old media” ETF. Over a quarter of the fund’s weight goes to tech stocks, including a 5.3% weight to Google (NasdaqGM: GOOG), the ETF’s largest holding.
PowerShares Dynamic Media Portfolio
Tom Lydon’s clients own shares of Google.