Tuesday’s ETF To Watch: Materials SPDR (XLB)

Over the past quarter, equity markets have soared despite low levels of economic growth in much of the developed world. Arguably, one of the biggest gainers during this time period as been the materials and commodity sectors which have jumped due to a weak dollar and prospects of a further shrinking greenback thanks to expectations of the Federal Reserve’s QE2 program. Due to this increased demand and a weak dollar, many materials companies have surged to new highs, one of the biggest and most famous of these companies is undoubtedly E.I. du Pont de Nemours & Co. (DD) which is among the world leaders in chemical production. DD is the second largest chemical firm by market cap at over $43 billion and is currently a member of the DJIA. Due to the massive size of the firm and its representation on one of the world’s most famous indexes, the company [...] Click here to read the original article on ETFdb.com. Related Stories: Tuesday’s ETF To Watch: Basic Materials ETF (IYM) Wednesday’s ETF To Watch: Energy SPDR (XLE) Thursday’s ETF To Watch: S&P 500 SPDR (SPY)