NEW YORK (TheStreet) -- The U.S. economy may not be growing at a rate to generate new jobs, but it did grow at a faster-than-expected rate in the third quarter, buoyed much by an increase in consumer spending.Possibly reaping the benefits of this increase in consumer spending could be the Consumer Discretionary Select Sector SPDR ( XLY), the Vanguard Consumer Discretionary ( VCR), the PowerShares Dynamic Consumer Discretionary ( PEZ), and the Retail HOLDRs ( RTH) funds.
- Consumer Discretionary Select Sector SPDR holds 81 different stocks that are driven by consumer spending. Top holdings include fast food giant McDonald's Corp (MCD), Walt Disney (DIS) and Amazon (AMZN) .
- Vanguard Consumer Discretionary is the most diverse ETF of its kind with 378 holdings. VCR includes Amazon and Target in its top holdings.
- PowerShares Dynamic Consumer Discretionart is mid-cap blend of 60 holdings. The top holding is luxury retailer Coach (COH).
- Retail HOLDRs is heavily concentrated on discount retailers. RTH allocates 19.48 % of its assets to Wal-Mart, 10.93% to Amazon and 8.68% to Target.