Top ETF Firm Is 'Adding To Energy Positions Slowly'

Otmane El Rhazi from Investor's Business Daily - ETFs RSS.

Neither an oil plunge nor an economic slowdown in the world's largest oil importer is rattling some ETF investors. Energy Select Sector SPDR (XLE), the $10.74 billion exchange traded fund bogey, absorbed nearly $31 million in new investor money last week. Many investors, seeing a long-term buying opportunity in its rock-bottom share prices, defied last week's violent China sell-off and oil's slump to multiyear lows. At CLS Investments in Omaha,