Three ETFs Influenced By Global Manufacturing Growth
Economies around the world continue to grow, illustrated by increases in manufacturing activity around the world giving positive support to the iShares S&P Global Industrials (EXI), the SPDR S&P International Materials Sector (IRV) and the SPDR S&P International Industrial Sector (IPN).
According to JP Morgan’s global manufacturing index, this is an aggregate of surveys by purchasing manager around the world, increased for the first time since April to a 53.7 indicating expansion. Companies around the world are starting to build up inventories to meet increased demand and are likely to continue to do so.
As mentioned earlier, some ETFs influenced by increased global manufacturing include:
- iShares S&P Global Industrials (EXI), which boasts industrial conglomerate General Electric (GE) and Siemens AG as top holdings.
- SPDR S&P International Materials Sector (IRV), which gives exposure to companies like Potash Corporation of Saskatchewan (POT) and gold mining
- SPDR S&P International Industrial Sector (IPN), which boasts metals and mining giants BHP Biliton (BHP) and Rio Tinto (RTP) as top holdings.
Disclosure: No Positions