Similar to many consumer discretionary exchange traded funds, the iSharesDow Jones U.S. Consumer Services Sector Index Fund (IYC) has the ability to play defense in a portfolio in an uncertain market. While the services sector can be recession. Similar to many consumer discretionary exchange traded funds, the iShares Dow Jones U.S. Consumer Services Sector Index Fund (IYC) has the ability to play defense in a portfolio in an uncertain market. While the services sector can be recession resilient, it is more sensitive to consumer spending than the staples are. Owning shares in corporations that produce items such as soap, fast food, mid-priced entertainment and other everyday services is a theme that numerous fund managers and ETF sponsors use to attract investors, especially in the current economic environment. IYC holds household names such as McDonald’s, Costco, CVS and Wal-Mart. CVS recently reported a 32% jump in pharmaceutical services, and posted a 20% growth in revenue. McDonald’s also reported an 11% increase in company growth, reports Selena Maranjian forThe Motley Fool.... Continue to read.
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