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UTX - Industrial Select Sector SPDR ETF: Stabilization Of The Global Economy Is A Good Sign
Raytheon Technologies
ETF Overview
Industrial Select Sector SPDR ETF (XLI) owns a portfolio of U.S. large-cap stocks in the industrial sector. The ETF tracks industrial stocks in the S&P 500 Index. XLI has outperformed the S&P 500 Index in the past 10 years and is currently trading at a slight discount to their historical average. These stocks in XLI’s portfolio are quality stocks with competitive advantages. Since we are already seeing signs of a stabilization in the global economy, we think stocks in XLI’s portfolio may outperform other sectors in 2020. Therefore, we think it