The job market and housing market have continued to improve, and oil prices have been declining.
This ETF offers much more of a mid-cap tilt than do other consumer discretionary ETFs. As such, 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 solid gains in consumer spending in 2016, with consumption up by about 2.5% to 3.0% on an inflation-adjusted basis. Read more