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        From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Find out more.

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        Don’t Overpay to Be Defensive

        • When defensive equity positions become more appealing, stocks that exhibit lower-risk attributes, including low beta stocks and stocks in traditionally defensive sectors, can become expensive.
        • Risk measures are not sufficient to construct a defensive portfolio; valuation is also important, as are measures of financial strength, growth capability, and other measures of company quality.
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