“Household durables also make up 11% of PowerShares S&P SmallCap Consumer Discretionary Portfolio (PSCD). Smaller companies such as household appliance company iRobot (IRBT) and homebuilder Ryland Group (RYL) are among those in the ETF,” said S&P Capital IQ.
The consumer discretionary sector has a 0.06 correlation to Treasury yields compared to -0.5 for utilities, according to J.P. Morgan data. Additionally, discretionary is expected to be one of just two sectors to show double-digit dividend growth this year. Financial services is the other.
PowerShares S&P SmallCap Consumer Discretionary Portfolio
