Should You Invest in the Materials Select Sector SPDR ETF?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
0mins
Source: Business Insider
Materials Select Sector SPDR ETF (XLB):
- Passively managed ETF providing exposure to the Materials - Broad segment of the equity market.
- Sponsored by State Street Global Advisors with over $5.63 billion in assets.
- Seeks to match the performance of the Materials Select Sector Index with an expense ratio of 0.09%.
- Heaviest allocation in the Materials sector, top holdings include Linde Plc, Sherwin Williams Co, and Freeport Mcmoran Inc.
- Year-to-date performance up 6.77%, with a beta of 1.10 and standard deviation of 19.28%.
Alternatives:
- Other ETF options in the materials segment include SPDR S&P Global Natural Resources ETF (GNR) and FlexShares Morningstar Global Upstream Natural Resources ETF (GUNR).
- GNR tracks S&P Global Natural Resources Index with $3.43 billion in assets and an expense ratio of 0.40%.
- GUNR tracks Morningstar Global Upstream Natural Resources Index with $6.45 billion in assets and an expense ratio of 0.46%.
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Analyst Views on LIN
Wall Street analysts forecast LIN stock price to fall
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 514.510
Low
455.00
Averages
499.07
High
540.00
Current: 514.510
Low
455.00
Averages
499.07
High
540.00
About LIN
Linde plc is a United Kingdom-based global industrial gases and engineering company. The Company's segments include Americas, EMEA, APAC and Engineering. Its primary products in its industrial gases business consists of atmospheric gases, such as oxygen, nitrogen, argon, and rare gases and process gases, including hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, and acetylene, among others. The Company also designs and builds equipment that produces industrial gases and offers customers a range of gas production and processing services, such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants. It serves a diverse group of industries including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. Its Engineering business designs and manufactures equipment for air separation and other industrial gas applications specifically for end customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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