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A Trump-tastic Industry ETF Idea

Posted on 22 November 2016

Plenty of sector and industry ETFs are reacting positively to Donald Trump’s surprise victory in the U.S. presidential election earlier this month. The VanEck Vectors Steel ETF is one of those ETFs and there is a credible chance SLX can keep building on its recent gains that have seen the steel fund gain more than 13% this month.
Steel has been strengthening this year on policy changes. Since the start of March, U.S. steel has gained ground after Congress passed a new customs and trade enforcement bill allowing the Obama administration to take action against Chinese dumping. The Department of Commerce imposed a 265.79% tariff on Chinese steel…………………………………….Full Article: Source


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