In trading on Monday, the SPDR S&P International Materials Sector ETF (IRV) is outperforming other ETFs, up about 2.2% on the day. And underperforming other ETFs today is the SPDR KBW Regional Banking ETF (KRE), off about 2.2% in Monday afternoon trading. Among other winners are the iShares MSCI Taiwan Index Fund (EWT) up 1.6%, SPDR Dow Jones REIT ETF (RWR) up 1.5% and the Market Vectors Steel ETF (SLX) up 0.9%. Among other losers are the United States Oil Fund (USO) down 1.5% and the Market Vectors Vietnam ETF (VNM) down 1.4%.
About the SPDR S&P International Materials Sector ETF (IRV)
The investment seeks to replicate, net of expenses, the S&P Developed Ex-U.S. BMI Materials Sector index. The fund generally invests substantially all, but at least 80%, of total assets in the securities comprising the index. The index is designed to represent the non-U.S. materials sub-industry of developed countries included in the BMI Global index.
About the SPDR KBW Regional Banking ETF (KRE)
The investment seeks to replicate the total return performance, before expenses, of the KBW Regional Banking index. The fund uses a passive management strategy designed to track the total return performance of the KBW Regional Banking index. The index is a float adjusted modified-market capitalization weighted index of geographically diverse companies representing mortgage banks, loan processors, marketing and service institutions listed on U.S. stock markets.