Three ETFs Influenced by Global Manufacturing Growth

Includes: EXI, IPN, IRV
by: Kevin_Grewal

Economies around the world continue to grow, illustrated by increases in global manufacturing activity giving positive support to the iShares S&P Global Industrials (NYSEARCA:EXI), the SPDR S&P International Materials Sector (NYSEARCA:IRV) and the SPDR S&P International Industrial Sector (NYSEARCA:IPN).

JP Morgan’s global manufacturing index, an aggregate of surveys by purchasing manager around the world, increased for the first time since April to 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, which boasts industrial conglomerate General Electric (NYSE:GE) and Siemens AG (SI) as top holdings.
  • SPDR S&P International Materials Sector, which gives exposure to companies like Potash Corporation of Saskatchewan (NYSE:POT) and gold mining.
  • SPDR S&P International Industrial Sector , which boasts metals and mining giants BHP Biliton (NYSE:BHP) and Rio Tinto (RTP) as top holdings.

Disclosure: No Positions