Designed to provide broad exposure to the Consumer Staples - Broad segment of the equity market, the State Street Consumer Staples Select Sector SPDR ETF (XLP) is a passively managed exchange traded fund launched on December 16, 1998. Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors. Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Consumer Staples - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification.
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