3 ETFs Influenced By Global Manufacturing Growth (EXI, IPN, IRV, GE, POT, BHP, RTP)

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November 2, 2010 10:21pm NYSE:EXI NYSE:IPN

Economies around the world continue to grow, illustrated by increases in manufacturing activity around the world giving positive support to the iShares S&P Global Industrials (NYSE:EXI),


 the SPDR S&P International Materials Sector (NYSE:IRV) and the SPDR S&P International Industrial Sector (NYSE:IPN).

According to JP Morgan’s global manufacturing index, this is an aggregate of surveys by purchasing manager around the world, increased for the first time since April to a 53.7 indicating expansion.  Companies around the world are starting to build up inventories to meet increased demand and are likely to continue to do so. 

As mentioned earlier, some ETFs influenced by increased global manufacturing include:

  • iShares S&P Global Industrials (NYSE:EXI), which boasts industrial conglomerate General Electric (NYSE:GE) and Siemens AG as top holdings.
  • SPDR S&P International Materials Sector (NYSE:IRV), which gives exposure to companies like Potash Corporation of Saskatchewan (NYSE:POT) and gold mining
  • SPDR S&P International Industrial Sector (NYSE:IPN), which boasts metals and mining giants BHP Biliton (NYSE:BHP) and Rio Tinto (NYSE:RTP) as top holdings.

Written By Kevin Grewal From ETF Tutor  Disclosure: No Positions

Kevin Grewal is the founder, editor and publisher of ETF Tutor and serves as the editor at www.SmartStops.net, where he focuses on mitigating risk and implementing exit strategies to preserve equity. Additionally, he is the editor at The ETF Institute, which is the only independent organization providing financial professionals with certification, education, and training pertaining to exchange-traded funds (ETFs). Prior to this, Grewal was a quantitative analyst at a small hedge fund where he constructed portfolios dealing with stock lending, exchange-traded funds, arbitrage mechanisms and alternative investments. He is an expert at dealing with ETFs and holds a bachelor’s degree from the University of California along with a MBA from the California State University, Fullerton. He is a contributing author on The Street – his articles can also be found published on various sites including Yahoo! Finance, The Globe and Mail , Daily Markets, MSN Money, Seeking Alpha, Fidelity Investments, Traders Library, and Minyanville.


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