ETF Trends
ETF Trends

Exchange traded funds (ETFs) that contain General Electric (GE) as their top holding might see a performance boost soon. GE recently announced it will invest $1.8 billion in energy-related orders in the Middle East. GE also recently announced $2 billion power-plant projects there as well, according to Seeking Alpha.

The company reports that the Middle East, China and India are its fastest growing markets, generating a 15-20% annual increase in revenue. GE predicts that about 60% of its growth will come from emerging markets such as the Middle East, China, India and Brazil, over the next 10 years.

Some ETFs that have GE as their top holding include the PowerShares FTSE RAFI Industrials (PRFN) and the Vanguard Industrials ETF (VIS). PRFN is up 13.9% year-to-date, and VIS is up 14.3% year-to-date.

Ge_etfs

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.