2024-05-20 04:23:42 ET
Summary
- Materials Select Sector SPDR Fund has multiple buy signals, including increasing demands for green hydrogen, copper, and clean drinking water.
- XLB has a competitive expense ratio and noteworthy dividend yield. The fund has outperformed multiple leading competitor funds over the past year.
- XLB's top holdings, such as Linde, Air Products and Chemicals, and Ecolab, are well-positioned to benefit from the growth in green hydrogen, copper demand, and clean water production.
Investment Thesis
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XLB: Fueled By Demands For Green Hydrogen, Copper, And Clean Water