No single security weight will exceed 4% of the index at the time of rebalancing. Rebalancing will occur quarterly. [Shipping ETF Sailing an Open Course.]
The shipping sector will be a major indicator of how the economic recovery is proceeding as countries around the world ship raw materials and finished goods back and forth. Dry bulk freight rates have been rising in recent months, along with capesize vessel rates, reports My Iris. China is a major consumer of raw materials these days, and many of the ships are heading in their direction.
For more information on the shipping industry, visit our shipping category.
Max Chen contributed to this article.