No Surprise: Amazon is Important to Discretionary ETFs
May 14, 2018 at 13:26 PM EDT
Traditional cap-weighted consumer discretionary exchange traded funds, such as the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY), are usually dominated by shares of Amazon.com (NASDAQ: AMZN). For example, XLY, the the largest exchange traded fund tracking the consumer discretionary...