The transportation sector has been in a sharp decline over the last four months, despite the attractive fundamentals of lower energy costs.
This weakness has been readily apparent in the iShares Dow Jones Transport. Avg. (ETF) (NYSE: IYT), which tracks 20 large cap airline, trucking and railroad companies. This exchange-traded fund currently has $832 million in total assets and charges an expense ratio of 0.44 percent.
IYT's Weakness
Since the beginning of the year, IYT has fallen over 10 percent amid fears over a global slowdown in economic activity that could threaten the transport of goods and services.
Despite the grim price trend depicted in this sector chart, one industry group is attempting to ...
/www.benzinga.com/etfs/sector-etfs/15/07/5698976/airline-etf-seeks-to-overcome-transportation-sector-woes alt=Airline ETF Seeks To Overcome Transportation Sector Woes>Full story available on Benzinga.com
More...