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XLB - FMAT: Strong Materials Play But A Bit Top Heavy
Materials Select Sector SPDR
2024-06-16 02:50:47 ET
Summary
Investors are favoring tech over natural resources, creating opportunities in underinvested sectors like materials.
Consider Fidelity MSCI Materials Index ETF for broad exposure to the materials sector with a low expense ratio.
FMAT has high concentration in top 10 holdings, including Linde PLC, Sherwin-Williams, and Freeport-McMoRan Inc., with potential for economic recovery impact.