If there is a knock on FXG’s Wednesday action it is that the ETF lagged rival consumer staples funds, but the reason for that is some traditional cap-weighted staples ETFs, such as the Consumer Staples Select Sector SPDR (NYSEArca: XLP), do not hold Herbalife.
When the dust settled on Wednesday, FXG close higher by a penny on volume that was more than double the double daily average. That is not too shabby considering one of the ETF’s top-10 holdings was taken to the woodshed.
First Trust Consumer Staples AlphaDEX Fund
ETF Trends editorial team contributed to this post.