Consumer confidence remains very strong.
This ETF offers much more of a mid-cap tilt than do other consumer discretionary ETFs. As such, we believe it provides purer exposure to the U.S. consumer discretionary sector than do some of its peers, whose holdings include firms with meaningful overseas businesses.
Many of the purely discretionary retailers held in this fund have been enjoying nice boosts from consumers, who have been willing to spend on bigger-ticket items. Read more