IYM ETF

Launched on 06/12/2000, the iShares U.S. Basic Materials ETF (IYM) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Broad segment of the equity market.

The construction materials industry is undervalued by about 9% relative to 11-year averages and shows an excellent quality score. The mining/metals subsector is close to its historical baseline in both value and quality. IYM implements a capped weighting methodology, but it doesn't make a significant difference with XLB in concentration. The latter is more attractive on several points.

IYM is 1/10 the size of peer XLB, and there are many good reasons for that. Concentrating on the metals and mining industry within the basic materials sector can outperform the broader materials sector. We don't see an urgent use for IYM and rate it as a sell.

Designed to provide broad exposure to the Materials - Broad segment of the equity market, the iShares U.S. Basic Materials ETF (IYM) is a passively managed exchange traded fund launched on 06/12/2000.

The basic materials sector is moderately overvalued relative to 11-year averages, but the mining and metals industry is undervalued. IYM: A capped, but very concentrated ETF. 5 materials stocks cheaper than their peers in June.

The ISM Manufacturing PMI in the United States dropped to 47.8 in February 2024 from 49.1 in the previous month, way below market expectations of 49.5 and marked the 16th successive period of declines in manufacturing activity.

Launched on 06/12/2000, the iShares U.S. Basic Materials ETF (IYM) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Broad segment of the equity market.

IYM: Materials Dashboard For February

If you're interested in broad exposure to the Materials - Broad segment of the equity market, look no further than the iShares U.S. Basic Materials ETF (IYM), a passively managed exchange traded fund launched on 06/12/2000.