Retail ETFs rally on hopes of post-election consumer aid

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Retail-focused exchange-traded funds outperformed the broader market Tuesday, as investors bet on a fiscal aid package to boost the consumer sector once the presidential election has been settled. The SPDR S&P Retail ETF was up 3.2% at midday, while the VanEck Vectors Retail ETF gained 2.6%, and the Amplify Online Retail ETF rose 2.3%. The S&P 500 was up 1.9%. Each of those funds takes a different approach to its holdings: the SPDR fund has a broad reach with small weightings, including GameStop Corp. as its top holding. Its ninth-largest holding, according to fund documents, is L Brands, Inc , the second-biggest stock gainer in the year to date. In contrast, the VanEck fund is heavily tilted toward market giants like Inc. and Home Depot Inc. . And the fund known as “IBUY” has capitalized on stocks that have done well in the pandemic lockdowns, including Peloton Interactive Inc. and Inc.
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