As the economic recovery continues, late-cycle firms in this ETF could shine.
Many of the industrials firms held in this ETF have made themselves leaner and more efficient since the downturn.
Generally healthy macroeconomic conditions, particularly in the U.S., have helped to offer nice tailwinds to industrials firms in the form of decent demand and pricing across most subsectors. An ongoing (since mid-2013) expansion in global trade has helped many firms as well, and investors are extrapolating these trends out over the long run. Read more