iShares MSCI Global Metals & Mining Producers ETF·Financial Services

Governments around the world are treating metals and minerals as strategic assets, and that shift is creating a structural demand floor that did not exist a decade ago.

The iShares MSCI Global Metals & Mining Producers ETF (PICK) faces short-term headwinds from inflation and geopolitical conflict, particularly the Iran situation. PICK's portfolio is concentrated in mega-cap diversified miners and steel/copper names, with economic risk tied to global construction and China-driven demand. Valuations for PICK's top holdings are fair and supported by strong quant ratings, but cyclical risks and high volatility warrant caution.

The iShares MSCI Global Metals & Mining Producers ETF ( NYSEARCA:PICK ) has surged 66% over the past year, climbing from roughly $35 to $58 per share.

PICK: Downgrading Global Miners ETF On Surging Price And Valuation
The iShares MSCI Global Metals & Mining Producers ETF seeks to track the investment results of an index composed of global equities of companies primarily engaged in mining, extraction or production of diversified metals, excluding gold and silver.
Financial Services
Asset Management
2012-02-02
1.24
Market Peers





