STLD - XME ETF: Strong Performance As Gold Surges

2024-04-05 14:10:38 ET

Summary

• SPDR® S&P Metals and Mining ETF is designed to track the performance of companies in the metals and mining industry, providing exposure to the global metals and mining industry.
• The XME ETF holds a diverse portfolio of stocks, including large-cap and small-cap companies in various segments of the metals and mining sector.
• XME has outperformed alternative metal and basic materials funds, but is still sensitive to macroeconomic factors and operational risks.

Overview: The XME ETF, or the SPDR S&P Metals & Mining ETF (XME) , is an exchange-traded fund ("ETF") designed to track the performance of companies primarily involved in the metals and mining industry. The ETF seeks to provide exposure to the materials sector, specifically focusing on companies engaged in activities such as the extraction, production, and distribution of metals and mining products....

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