It has been a rough year for industrial stocks and exchange traded funds. The S&P 500’s fifth-largest sector weight and the second-largest in the Dow Jones Industrial Average has been stung by the strong dollar and slumping oil prices among other factors.
Those factors and more have sent the Industrial Select Sector SPDR ETF(XLI
), the largest exchange traded fund tracking the industrial sector, down 3.5 percent year-to-date. However, not industrial ETFs have been duds this year. Take the PowerShares Dynamic Building & Construction Portfolio (PKB) for example. That ETF is up nearly 12 percent, making it the best-performing industrial ETF on the year. For the full article click here
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