Profile
Assets class:
EquityAssets under management:
$41 BAverage volume:
$39 MDomicile:
USExpense ratio:
0.09%Inception date:
22 December 1998Website:
http://www.ssga.comLast dividends:
23 September 2024Next dividends:
N/ATop countries
Dividend yield TTM
XLF Latest News
The Financial Select Sector SPDR ETF (XLF) has been in a strong bull run and is sitting at its all-time high as investors welcomed Donald Trump. The fund, which tracks the biggest companies in the financial services industry, has risen for five consecutive months, reaching a high of $49.55 on Wednesday.
The Investment Committee give you their top stocks to watch for the second half.
If you're interested in broad exposure to the Financials - Broad segment of the equity market, look no further than the Financial Select Sector SPDR ETF (XLF), a passively managed exchange traded fund launched on 12/16/1998.
The Investment Committee give you their top stocks to watch for the second half.
XLF is a low-cost, passively managed ETF heavily weighted in top financial companies, including banks and payment processors like Visa and Mastercard. The Fed's imminent rate cuts will impact financials, with mixed effects on XLF due to lower NIMs and increased loan activity. XLF should be able to perform well in rate-cutting cycles, but it depends on how and why rates are lowered.
Estimates for the Q3 of 2024 for Tech, Finance, Retail, and Utilities sectors have increased in recent weeks.
Analysts have raised the 3Q2024 earnings estimates for the Tech, Finance, Retail, and Utilities sectors lately.
Financial ETFs rebounded this year after a prolonged period of volatility. Fed rate cut hopes may boost bank stocks even more.
As the year's second half unfolds, we've observed a notable shift in market momentum, with investors rotating from leading sectors into those that previously lagged. The financial sector, in particular, has emerged as a standout performer, significantly outpacing the broader market.
The US Federal Reserve released annual stress test results for 31 banks, showing they are well-positioned to withstand a severe recession. The largest financial sector vehicle, the Financial Select Sector SPDR ETF, holds 71 stocks with the 7 largest stocks comprising nearly half of its assets. Despite decent stress test results, I assess XLF as an ETF that has run its course for a while, without offering compelling upside.
What is XLF ETF?
The fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Financial companies by the Global Industry Classification Standard, including securities of companies from the following industries: financial services; insurance; banks; capital markets; mortgage real estate investment trusts; and consumer finance. The fund is non-diversified.
What is XLF assets class?
Assets class of XLF ETF is 'Equity'
What is XLF assets under management?
Assets under management of XLF ETF is $41 B
What is XLF average volume?
Average volume of XLF ETF is $39 M
What is XLF domicile?
Domicile of XLF ETF is US
What is XLF expense ratio?
Expense ratio of XLF ETF is 0.09%
What is XLF inception date?
Inception date of XLF ETF is 22 December 1998
What is XLF website?
Website of XLF ETF is https://www.ssga.com/us/en/institutional/etfs/funds/the-financial-select-sector-spdr-fund-xlf