The Industrial Select Sector SPDR (Sector Spdr Trust Sbi (NYSE: XLI)), the largest industrial sector exchange-traded fund by assets, is off 2.6 percent this year, a performance that has XLI in fifth place among the nine sector SPDR ETFs.
Another way of looking at that scenario: XLI is the best of the worst SPDRs. However, that does not obfuscate what has been a disappointing year for XLI and rival industrial ETFs. With economic data generally strong, the Federal Reserve preparing to raise interest rates and the business cycle in the later innings, this should be prime time for industrial stocks to shine, but that has not been the case.
The Best Of The Worst
To be fair, XLI is improving from the last time Benzinga ...
/www.benzinga.com/analyst-ratings/analyst-color/15/12/6028402/industrial-etfs-look-for-better-things-in-2016 alt=Industrial ETFs Look For Better Things In 2016>Full story available on Benzinga.com
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