Q: Hi Peter and 5iresearch
In my recent question about investing in basic materials I mentioned in my question XBM. In your response your comment was on XLB SPDR fund. Just want to be clear that you meant to recommend XLB SPDR fund and not XBM.
What do you think of XBM?
Thank you
In my recent question about investing in basic materials I mentioned in my question XBM. In your response your comment was on XLB SPDR fund. Just want to be clear that you meant to recommend XLB SPDR fund and not XBM.
What do you think of XBM?
Thank you
5i Research Answer:
Yes; XLB is 'materials', and XLM is 'metals'. They will be correlated somewhat but for basic exposure we think XLB is better.