PICK / PICK: Global Metals And Mining ETF, Effective Inflation Hedge, 5.8% Yield

PICK is a global metals and miners ETF. The fund has underperformed YTD and has cut its dividends. A cheaper valuation, combined with a weaker dollar more_horizontal

Base metals prices have declined significantly since their highs in 2022, impacting the performance of the iShares MSCI Global Metals & Mining Produce more_horizontal

The iShares MSCI Global Metals & Mining Producers ETF offers exposure to the metals and mining sector, but has underperformed compared to the broader more_horizontal

Demand for basic materials is expected to remain high due to global population growth, increasing living standards, and investment in infrastructure a more_horizontal

The current trend of high and rising Treasury yields suggests the iShares MSCI Global Metals & Mining Producers ETF is well placed, particularly if in more_horizontal

The iShares MSCI Global Metals & Miners ETF is down 17.6% over the past year. That presents an excellent opportunity for investors. The PICK ETF pays more_horizontal

Industrial metals prices and equities have been extremely closely correlated with inflation expectations and actual CPI over the past decade, far more more_horizontal

The rise in the PICK relative to the price of the underlying metals index and the drop in inflation expectations suggest the recent rally may be overe more_horizontal