Financials Take Hold

Over the last year, the S&P 500 has returned +9.55%, which is impressive for anyone who had index funds in their portfolio. But the real gains can be seen in individual S&P sector ETFs. Financials (XLF) are leading the pack, up +17.16% over a one-year period, while Tech (XLK) and Energy (XLE) are up +1.24% and +2.08%, respectively. The recovery in the housing market and the uptick in mortgages and housing prices has no doubt given a boost to the banks and other financial institutions as growth continues to stabilize.

 

Financials Take Hold - SEKTORS