Capture Wal-Mart's Success With This ETF

As talk of a recession has intensified, it might not be surprising that the price of Wal-Mart Stores Inc. (WMT) has been moving steadily higher. Its reputation as a low-price leader as well as its increasing exposure to consumer staples (such as food) would be expected to help it maintain sales in an economic downturn.

Thursday's announcement that Wal-Mart's same-store sales in March rose while other major retailers suffered severe declines lifted its stock by more than 2%, continuing a steady ascent that began in September. Its share price has climbed from the low 40s last autumn to its current level in the mid-50s.

Also helping to lift its share price was a revision by Wal-Mart of its first-quarter earnings per share to the 74-to-76-cent range from its previous level of 70 cents to 74 cents.

An interesting fund opportunity exists for believers that Wal-Mart might provide a refuge from the uncertain economic climate, but who desire the diversification provided by an investment in a portfolio of holdings. ...