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A class of exchange-traded fund that invests in the stocks and securities of a specific
sector, typically identified in the fund title. Most sector ETFs focus on U.S.-based stocks,
but several will invest globally in an attempt to capture the worldwide performance of the
given sector. Assets will be passively managed around an underlying index; several use
indexes provided from data services like S&P and Dow Jones. Leveraged sector ETFs are also
available, which aim to achieve double the return of the underlying index, both on advancing
and declining trading days.
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