US4642878387 - ETF
ISHARES U.S. BASIC MATERIALS
NYSEARCA:IYM (11/22/2024, 8:04:00 PM)
146.82
+0.78 (+0.53%)
The iShares U.S. Basic Materials ETF seeks to track the investment results of an index composed of U.S. equities in the basic materials sector. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Basic Materials Index (the Underlying Index). The Underlying Index measures the performance of the basic materials sector of the U.S. equity market. The Underlying Index includes companies in the following industry groups: chemicals, forestry and paper, industrial metals and mining.
ISHARES U.S. BASIC MATERIALS
Most funds from the 2021 infrastructure bill have yet to be spent, and these companies stand to capitalize.
The basic materials industry recovered last year owing to the growing economy and sustained demand. This trend is expected to continue in 2022, driven by the rise in commodity prices amid political instability. Thus, Wall Street Analysts expect fundamentally solid basic materials stocks such as Verano (VRNOF), Gevo Inc. (GEVO), Nomad Royalty (NSR), Trilogy Metals (TMQ), and Integra (ITRG) to surge more than 80% in the near term.
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