Financial Select Sector SPDR ETF
December 16, 1998
UFX traders are able to enjoy trading the XLF ETF, which tracks the aggregated performance of international finance firms including Berkshire Hathaway, Wells Fargo, JP Morgan Chase, Bank of America and Citigroup.
The XLF provides affordable access to some of the world’s most powerful stocks, which are now far more resilient than during the market crash of 2008, with the added benefit of enhanced security, stability and liquidity.
Traders have benefitted from 20%+ growth from 2012 to 2015, and could also profit from future interest rate rises and the re-expansion of credit, which will favour banks and other financial institutions. The sector is currently prospering despite much stricter regulation and reduced leverage, although deflation may eventually limit this trend.
- NYSE Arca