High Beta ETF ‘SPHB’ Lifted by Heavy Tech Sector Tilt
June 01, 2023 at 12:36 PM EDT
High beta was a leader among factor indexes in May, lifted by its heavy tilt toward the information technology sector. Uncertainty weighed heavily on U.S. markets in May. Stubborn inflation, rate hikes by the Fed, and the outcome of the debt ceiling debacle affected major indexes. The S&P 500 gained just 0.4% during the month, while [...] The post High Beta ETF ‘SPHB’ Lifted by Heavy Tech Sector Tilt appeared first on ETF Trends .