Vinny Catalano iShares Global Materials ETF MXI-N TOP PICK Sep 22, 2009

A 2-fold play. 1) Long term sector with a play on global growth and emerging economies with the need for basic materials. In a cyclical recovery, basic materials tend to be one of the early beneficiaries. 2) Gold miners, which have been acting quite well.

Vinny Catalano

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$57.620

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TOP PICK

Global Materials ETF. Very decent growth in materials. When you are moving into a recovery in the economy, materials is one of the best performing spaces. On a timely basis this is one of the most oversold areas in the 10 sectors. Truly global as only about 30% is North American.

PAST TOP PICK

(Top Pick Feb 4/10, Up 27.41%) likes the global exposure. 21% in US, little less in Canada and the rest internationally. Likes their diversification.

TOP PICK

Taking part in the economic recovery and normalization of activity. Diversified basket of global large- and mid-cap companies. Vaccines plus accommodative monetary policies increase economic prospects and a new commodities cycle. Starting to outperform the broader market. Yield is 1.13%.

BUY

Likes base metals, as they're cyclical and sensitive to the economic upturn. Volatile, so a 5-10% swing either way is very normal. MXI is in US funds, which he prefers, and is only 46 basis points. Great area with the recovery, inflation, and commodity prices moving higher.

SELL

He took profits. Economic growth has probably peaked in the US, with weaker demand in China. The infrastructure bill could help some of the companies in this ETF, but the chemical names might suffer. Neutral on it now. For a cyclical play, look at energy or financials over materials.

PAST TOP PICK

(A Top Pick Feb 25/21, Up 1%) Still likes it, but sold it in favour of one that tracks actual commodities. Diversified basket. Should continue to do well looking out 12, 18, 24 months.

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Vinny Catalano iShares Global Materials ETF MXI-N TOP PICK Sep 22, 2009

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