iShares Global Materials ETF (ISQU)
XBER 
Summary
ISQU Chart
MXI: Materials Dashboard For March
The chemicals and mining/metals subsectors are overvalued by over 30% versus 11-year averages, though mining/metals has a good quality score. iShares Global Materials ETF provides diversified global exposure to materials, with a 47% weighting in mining/metals and 39% in chemicals. MXI offers better value than the U.S. benchmark XLB but has historically underperformed it since 2006.
Materials ETF (MXI) Touches New 52-Week High
MXI hits a new 52-week high, up 37% from its low, as strength in commodities and chemicals fuels momentum in materials stocks.
MXI: Materials Dashboard For November
The materials sector appears overvalued by 22% versus 11-year averages, with construction materials the least overvalued and chemicals showing the weakest fundamentals. The iShares Global Materials ETF offers global diversification in the materials sector, with lower company risk and recent overperformance compared to XLB, but it lags long-term. Seven stocks were cheaper than their peers in November.
iShares Global Materials ETF (ISQU) FAQ
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iShares Global Materials ETF Profile
| XBER Exchange | US Country |
Overview
The index is a specialized investment vehicle that aims to track the performance of companies within the materials sector, as identified and deemed significant by SPDJI for global markets. This index primarily focuses on entities that play a crucial role in the materials sector, encompassing a wide range of industries involved in the discovery, development, and processing of raw materials. The investment approach of the fund underscores its commitment to replicate the index's performance by allocating at least 80% of its assets directly into the securities that comprise the index or into investments that mirror the economic characteristics of these securities. This strategy ensures that the fund maintains a high degree of alignment with the index's objectives and performance metrics.
Products and Services
- Component Securities Investment
- Economic Characteristics Mimicking Investments
- Futures, Options, and Swap Contracts
- Cash and Cash Equivalents
The fund dedicates a minimum of 80% of its assets to investments in the securities that form the core of its index. These securities represent companies within the materials sector that are considered influential on a global scale. By investing in these securities, the fund seeks to achieve performance closely paralleled to that of the index.
In addition to direct investments in component securities, the fund may also allocate resources to investments that exhibit economic characteristics substantially identical to those of the index's component securities. This strategy broadens the fund's exposure and potential to replicate the index's performance through similar economic avenues.
Up to 20% of the fund's assets may be invested in futures, options, and swap contracts. These financial derivatives are utilized to further align the fund’s performance with the index, allowing for hedging and risk management strategies that can enhance the fund's ability to meet its investment objectives.
The fund may hold a portion of its assets in cash or cash equivalents. This not only provides liquidity but also serves as a risk management tool, ensuring that the fund can meet its operational needs and respond to market opportunities or challenges as they arise.
