If you're interested in broad exposure to the Materials - Broad segment of the equity market, look no further than the State Street Materials Select Sector SPDR ETF (XLB) , a passively managed exchange traded fund launched on December 16, 1998.Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.Investor-friendly, sector ETFs provide m ...

Tech stocks have driven a disproportionate share of the market's gains in recent years. Now, it's time for them to share the limelight, says Joe Quinlan, the chief market strategist at Bank of America. "There's plenty of places to put money to work better other than, say, Mag 7," he said, referencing the largest stocks in the S&P 500 by market capitalization.Specifically, cyclical stocks should start to look attractive next year, Quinlan said, calling the theme his highest-conviction investing idea right n ...