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Markets remain under pressure as geopolitical and economic risks rise. Defensive ETFs could help investors navigate volatility without abandoning growth.
Weak consumer sentiment and rising economic risks could strengthen the case for consumer staples ETFs. Here are the funds worth considering now.
Bank of America Corp DE grew its position in Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) by 15.6% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 298,298 shares of the company's stock after buying an additional 40,189 shares
A smart beta exchange traded fund, the Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) debuted on 11/01/2006, and offers broad exposure to the Consumer Staples ETFs category of the market.
Launched on November 1, 2006, the Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Staples - Broad segment of the equity market.
The beverage industry is significantly undervalued versus historical averages, while tobacco and retail are overvalued. RSPS offers consumer staples exposure with better value and less company-specific risk than XLP, but also lower risk-adjusted returns and trading volumes. Four stocks are cheaper than their peers in July.
The Vanguard Consumer Staples ETF features a significantly lower expense ratio and larger assets under management than Invesco S&P 500 Equal Weight Consumer Staples ETF. The Invesco S&P 500 Equal Weight Consumer Staples ETF provides a higher trailing dividend yield but holds a more concentrated portfolio of 34 stocks.
iShares U.S. Consumer Staples ETF offers a slightly lower expense ratio and has generated higher total returns over the past five years compared to Invesco S&P 500 Equal Weight Consumer Staples ETF. Invesco's ETF uses an equal-weight methodology that reduces concentration risk relative to the market-cap-weighted iShares fund.
SEC filings for RSPS aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.