Tough Year for Basic Materials ETFs
December 16, 2011 at 12:59 PM EST
It’s been a frustrating 2011 for exchange traded funds that invest in materials stocks, which have been hurt by Europe’s relentless debt crisis and questions over the global economic recovery. Materials Select Sector SPDR (NYSEArca: XLB) is down about 14% year to date. Other ETFs for this sector...