IBUY seeks to measure the performance of global equity securities of publicly traded companies with significant revenue stemming from the online retail business sector. The index methodology is designed to construct a portfolio with capital appreciation in mind. IBUY has been able to provide investors with a 24.34% return year-to-date.

RTH seeks to replicate the price and yield performance of the MVIS® US Listed Retail 25 Index, which includes common stocks and depositary receipts of U.S. exchange-listed companies that derive at least 50% of their revenues from the retail sector. Its top holdings include retailers, such as Amazon and Home Depot.

The markets responded little to the news as major indexes like the Dow Jones Industrial Average were recovering from losses last week. The Dow posted a 1,300-point loss in two consecutive sessions before rallying by almost 300 points to end last week’s trading session.

Sears Files for Bankruptcy

Sears Holdings filed for bankruptcy protection on early Monday after 125 years in business. The retail store is expected to shutter 142 stores by the end of the year with liquidation sales expected to begin shortly.

Despite capital injections from billions of CEO Eddie Lampert’s own funds the last five years, Sears was mired in debt with a $134 million debt payment due being the nail in the coffin.

“While we have made progress, the plan has yet to deliver the results we have desired,” Lampert said in a statement Monday.
Lampert said that bankruptcy was the best option in order for the company to eliminate its debt and “become a profitable and more competitive retailer.”

For more information on the consumer sector, visit our consumer discretionary category.