Financial Select Sector SPDR (ETF) (NYSEMKT:XLF)
CAPS Rating:
Seeks to replicate the total return of the Financial Select Sector of the S&P 500 Index. It unbundles the benchmark S&P 500 and gives the investor ownership in particular sectors of industries that are represented by a specified Select Sector Index.
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Fool UK
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XLF is the financial etf
IT's not leveraged and is designed to mimic the return of the financial sector of the SP 500
Banks are undervalued and I hear most have book values that are greater than the current trading prices.
The momentum and out-look makes banking attractive and given all the stimulus and gov backing and guaranteeing of ridiculous things.
THIS ETF to me seems like a smart play.
As with everything price matters....