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Evolution of GICS Consumer Discretionary Sector and XLY ETF

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The Consumer Discretionary sector of the Global Industry Classification Standard (GICS) was established in 1999 to represent cyclical industries. It has undergone several significant revisions to reflect the evolution of the global economy, primarily in 2018 and 2023, as business models shifted.  All research 5,000+ stocks and 700+ ETFs updated on www.ValuEngine.com When GICS was … Read more

Case Study of a Ten-Year Actively Managed ETF

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Cambria Advisors recently sent out a mailing that was somewhat self-congratulatory noting the 10-year anniversary of the launch of its first ETF.  As we will explore shortly, I contend that the congratulations are well-deserved from a number of perspectives.  The email missive piqued my interest for a specific reason.  The main comparisons made in the … Read more