What are Select Sector SPDR funds?

[Fernandes]

For investors, what exactly are Select Sector SPDR funds? When considering these funds, is high portfolio turnover a characteristic to anticipate in any particular sector ETF within this group?

[Kaile]

Select Sector SPDRs are ETFs that let investors focus on some specific S&P 500 industries. Investors often expect high trading activity and turnover in fast-paced sectors like technology and healthcare. And this is because of rapid growth or changes in these sectors, unlike more stable areas. It's always advisable to check each fund's investment goals.