Consumer Staples Select Sect. SPDR (ETF) (AMEX:XLP)
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Seeks to replicated the total return of the Consumer Staples 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 represented by a specified Select Sector Index.
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Consumer Staples Select Sect. SPDR (ETF) (XLP) seeks to offer investors exposure to the relatively stable sector of consumer staples.Consumer staples are pretty much necessities needed on a daily basis. Be it in a bloom or gloom.It's top 3 holdings currently are Procter & Gamble Co. , Wal-Mart Stores Inc. and Philip Morris International Inc.Both 2007 and 2008 produced dividends of around 60cents +/- .Reflecting it's relatively stable nature, the annualized ten years performance of this ETF is at 0.91%You should not see big dips or climbs.Risk adverse investors may consider this as a relatively low risk long term holding while enjoying some dividends at the same time.Geeky81------------My Finance Blog : www.thegeekknows.com