| Basic materials sector-related exchange traded funds are reaching new highs as expanding global economies demand basic inputs to fuel further growth. The Materials Select Sector SPDR added 0.1% Wednesday, trading at an intra-day high of $50.49. The largest materials ETF is up nearly 10% this year.
The materials sector ETF tracks a broad range of companies that operate in chemicals, metals, mining, paper, forestry, containers, packages and construction materials. “Most of these companies sell into commodity markets and are susceptible to cyclical demand,” according to Morningstar analyst Alex Bryan...............................................Full Article: Source
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