Posted on Friday, 7th May 2010 by Emily Smith
Retail exchange traded funds (ETFs) have performed solidly lately – this last week’s sell-off notwithstanding. If you’re shopping to show your love for your mom, they may do even better.
This Mother’s Day, many husbands and children are going to honor their moms with electronics. Children and spouses are expected to spend $906 million on consumer electronics for Mom this Mother’s Day, a 5.7 % increase over last year, says Alan Wolf for Twice.
This comes as great news for the retail sector and ETFs, many of which had been hitting three-year highs. []
Whether you purchase an iPad, sweater or perfume for your mother, or significant other, you can bet that you’ll be adding to the retail rally. []
Happy Mother’s Day from ETF Trends!
- SPDR S&P Retail (NYSEArca: XRT)
- Retail HOLDRs Trust (NYSEArca: )
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Tags: Love
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