Key stats
About ISHARES INC MSCI GLBL METALS & MNG PRDCR (POST SPLT)
Expense ratio
0.39%
Home page
Inception date
Jan 31, 2012
PICK's gold-and-silver-free approach to the mining segment has found favor with investors. The fund's index, the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver IMI, excludes gold and silver mining firms like Barrick Gold and Goldcorp. This leads to larger allocations to steel and integrated mining companies, among others. In addition, PICK's underlying index aims for a broader exposure, including industries like coal, which we place in the energy sector. Pumped-up weightings to the largest firms are something investors should be wary of before investing in this fund, as the methodology does not cap its holdings. In all, PICK offers an interesting take on the space for investors who want to carve precious metals out of their global metals and mining exposure.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
$PICK is looking at metals sector Interesting AMEX:PICK
Pick is a ETF by iShares that Binds mining companies from all over the world under the ETF, but most of the ETF sit on a number of stocks that are traded under undervalued Like:
NYSE:BHP
LSE:RIO
LSE:GLEN
NYSE:VALE
and more.... I will like to see her go down back to 32-34US$, the
iShares Metals and Mining ETF ideaLong-term. In my opinion, a very optimistic bullish structure.
Price is forming a consolidation at the upper side of of the channel and the median of the fork. The flag is a flat, with a perfect internal structure.
Worth taking a note.
Good luck!
PICK: Miners Long Term Trend Established- PICK holds miner producers (ex Gold and Silver); as the economy re-opens demand for metals will increase coupled with inflation creates a fundamental bullish view
- A new bullish trend has been established confirmed on MACD, RSI (maintaining a support), and stronger volume buying into the reversa
Negatively correlated assetsIn times of increasing instability investors tend to invest in gold and pass from the iShares MSCI Global Metals & Mining Producers ETF (PICK).
Note : Pick seeks to track the investment results of an index composed of global equities of companies primarily engaged in mining, extraction or product
ETF PICK Metals&Miners Long opportunity soon?I will look at ETF PICK when it hits bottom of the channel.
Still need to review the fundamentals though.
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