Fave Defensive ETFs From Fox's Eric Bolling
In an article written by Billy Fisher from thestreet.com Eric's defensive ETF picks are listed.
- iShares Dow Jones Select Dividend Index (DVY)
- PowerShares Intl Dividend Achievers (PID)
- Consumer Staples Select Sector SPDR (XLP)
Eric cautions against buying bearish ETF's on the recent best performing list saying "They might be getting you shorter than you want." What Eric is looking for are High Yield dividends & consumer staples. Eric likes the DVY because of it's liquidity and affects of future interest rate cuts. He likes the PID for similar reasons as the DVY and it's international flavor. Lastly he likes the XLP because the consumer staple sector has been unfairly beaten down and for the sectors long term resilience. "People are still going to smoke. They are still going to buy Pepsi and Coke"
