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iShares Global Materials ETF V.MXI


Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.


ARCA:MXI - Post by User

Post by rockhead7on Mar 23, 2012 1:44pm
435 Views
Post# 19710749

Non-event

Non-event

It was certainly a scare-especially for us who are hugely exposed to MXI-but it appears to be a tempest in a teapot.  The majors are all reporting business as usual.  The rebels seem to appreciate that the gold industry is the goose that lays the proverbial egg that feeds the country.  I wish that the NDP here in BC had as much common sense.

Once the fear subsides the new government will probably modestly jack up royalties and government participation and a relieved industry will happily comply.

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