What investors will not find in AIRR is large allocations to traditional industrial names such as Dow components Boeing (NYSE: BA) and General Electric (NYSE: GE). The ETF’s 41 holdings, none of command more than 4.15% of the fund’s weight, include Dycom Industries (NYSE: DY), Acuity Brands (NYSE: AYI), Comfort Systems (NYSE: FIX) and Mueller Water (NYSE: MWA). [Not Your Ordinary Industrials ETF]
AIRR could be one sector ETF worthy of evaluation in 2015 because, as the bull market further ages, late-cycle sectors, including industrials, should shine.
“Cyclical sectors should be positioned to outperform as U.S. economic growth improves and interest rates slowly normalize. In this type of environment, positioning purely for yield will become less attractive,” said J.P. Morgan Asset Management in a recent note.
First Trust RBA American Industrial Renaissance ETF
