Financial Sector Begins to Pick up the Pace | ETF Trends

ETF Trends publisher Tom Lydon discussed the Financial Select Sector SPDR Fund (XLFon this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

There are four factors supporting financial/bank sector outlook: interest rates, loan growth, tax cuts and buybacks.

XLF is the largest financial sector ETF that includes all of the largest Wall Street players.

Top holdings include Berkshire Hathaway 11.2%, JP Morgan Chase 10.6%, Bank of America 8.0%, Wells Fargo 7.7%, Citigroup 6.4%, Goldman Sachs 2.8%, U.S. Bancrop 2.7%, Morgan Stanley 2.2%, Chubb Limited 2.1%, and American Express 2.1%.

Click here to listen to the podcast.