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Ex-Sector ETFs can be used to tailor core U.S. equity exposure.....

 

 


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ProShares, has launched a suite of four S&P 500 Ex‑Sector ETFs. Each offers the S&P 500® without exposure to a sector: energy, financials, technology or health care.

"S&P 500 ETFs force you to invest in a sector you might already have a desired level of exposure to or you may want to avoid," said Michael L. Sapir, co-founder and CEO of ProShare Advisors, LLC, the advisor to ProShares. "Now, for the first time, you can invest in an S&P 500 ETF and leave behind the sector you don't want."

ProShares S&P 500 Ex-Sector ETFs allow investors to reduce or eliminate exposure to a sector they believe may underperform. For example, over the 12 months through the end of August, the energy sector underperformed the S&P 500 by over 30 percentage points.1 Alternatively, an investor might already have enough exposure to a sector through work or other holdings and can use these ETFs to avoid that sector.

ProShares S&P 500 Ex-Sector ETFs include:

ProShares ETF TickerIndexExchange
S&P 500 Ex-Energy ETF SPXE S&P 500 Ex-Energy Index NYSE Arca
S&P 500 Ex-Financials ETF SPXN S&P 500 Ex-Financials Index NYSE Arca
S&P 500 Ex-Health Care ETF SPXV S&P 500 Ex-Health Care Index NYSE Arca
S&P 500 Ex-Technology ETF SPXT S&P 500 Ex-Information Technology & Telecommunication Services Index NYSE Arca

About the Index

Each S&P 500 Ex-Sector Index seeks to provide exposure to the companies of the S&P 500 except those in the specific sector excluded. The S&P 500 is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability.

The indexes market-cap weight each component security according to the same rules as the S&P 500. They classify each company in the S&P 500 using S&P's Global Industry Classification Standards ("S&P GICS"). The following sectors are included within S&P GICS: consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecommunication services and utilities. The portion represented by the excluded sector is redistributed among remaining S&P 500 companies on a pro rata basis.

Source: ETFWorld.com

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)