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Procter Bullies Consumer Staples ETF

|Includes: CVS, KO, The Procter & Gamble Company (PG), PSL, RHS, WMT, XLP

Procter & Gamble (NYSE:PG) fell 3.5% early today, dragging Consumer Staples Select Sector SPDR (NYSEARCA:XLP) down 1.16% with it. XLP's portfolio has 42 holdings, but 66% of the fund's assets are concentrated in the fund's top 10 components. While investors are more diversified buying XLP than picking just a couple of consumer names, they will still be particularly vulnerable to the movements of a few key components. Investors looking to add large, cap-weighted strategies like XLP to their investments should first check their existing holdings to look for overlap.