Transportation ETF Rides High
July 23rd at 4:18pm by Tom Lydon
As the economy continues to grow at a moderate pace and promote the exchange of goods worldwide, transportation exchange traded funds (ETFs) benefit. One ETF experiencing a high and healthy performance is the iShares Dow Jones Transportation Index (IYT), which is up 17.3% year-to-date. Its holdings include railroads, trucking, shipping and airline companies.
IYT has had a strong performance most of the year, as you can see in the chart below. This indicates that even though oil is at $75 a barrel, it hasn’t slowed down summer deliveries.
