After outperforming other sectors since the beginning of the year, financials have given up most of the gains and are now even with the broader market.

XLF May 2012

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State Street’s Financial Select Sector SPDR Fund (XLF) was up 20% as late as the beginning of April before beginning a 6-week slide. XLF is now up only 3% year-to-date compared to a 2% gain for the broader market.

Top holdings for XLF include Wells Fargo, Berkshire Hathaway, JP Morgan Chase, Citigroup and Bank of America.. The expense ratio for the $5.0 billion ETF is 0.18%.

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– ETF MarketPro Staff
May 21, 2012