State Street Consumer Staples Select Sector SPDR Etf

Business Description

This fund aims to mirror the results of a specific stock market index by putting at least 95% of its money into the same companies that make up that index. All of those companies operate in the consumer staples sector, meaning they sell everyday essential products that people buy regardless of economic conditions. The fund concentrates its holdings in this single sector rather than spreading investments across a broader range of industries.