NEW YORK ( TheStreet) -- In the sliced-and-diced world of exchange traded funds, there's been a genuine breakthrough: the ALPS Equal Sector Weight ETF (EQL). The fund is an ETF that holds the nine Select Sector SPDRs in equal parts at 11.1%, subject to a quarterly rebalancing.For anyone unfamiliar with the Select Sector SPDRs, State Street in 1993 created the S&P 500 SPDR (SPY) and followed it up with funds for nine of the 10 biggest sectors. (Tech and telecom are combined in one fund.)
S&P 500 Index ETF Gets 'Equal' Treatment
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