Consumer confidence is on the rise, equity market valuations are up, and the job market is improving.
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.
The consumer discretionary sector is undervalued right now relative to other U.S. equity sectors. Read more