iShares Global Materials ETF

MXI-N

(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.

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.

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.