The job market and housing market have continued to improve, and gas prices have been declining.
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.
Morningstar's director of economic analysis forecasts consumer spending that is stable to modestly higher in 2015, fueled by slow but steady employment growth and modest inflation. Read more