Michael Bowman iShares S&P Global Industries Index Fund XGI-T PAST TOP PICK Jun 25, 2014

This is drawn from the 1200 global industrial companies. Have good companies in here.

Hard assets as tangibles have been beaten up pretty severely in the 1^st half of 2013. This is the most conservative of his 3 Top Picks. Has gone sideways for the past little while. Although it says global, it is about 80% North American. This is about building new roads, new bridges, etc.

(A Top Pick July 4/13. Of 26.14%.) Likes things that are inflation plays, but this is one that doesn’t necessarily have to have inflation to do well. A good diversity for 4 things that you traditionally have in your portfolio. Very heavily weighted towards North America. Still likes.

Global industrial ETF, hedged. Industrials have generally outperformed over two years but have been parallel to VT-N for about 6 months. When we go into recession these will turn down. You are chasing it a bit here and he would prefer to be more defensive.