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Launched in 1998, Select Sector SPDRs are unique ETFs that divide the S&P 500 into eleven sector index funds. So now investors can customize their investments by picking and weighting sectors to meet specific investment goals. Select Sector SPDRs have the diversification of a mutual fund, the focus of a sector fund, and the tradability of a stock Select Sector SPDRs allows investors to achieve the security of investing in the well-known, large cap stocks of the S&P 500, with the ability to over-weight or under-weight particular sectors based on personal investment goals and strategies

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