PICK on the other hand has a heavy weighting to Europe (>35%) and to a lesser degree Australia (>16.8%), followed by its U.S. equity exposure of about 14%. Top holdings inside of PICK are BHP Billiton Ltd (11.26% weighting), Rio Tinto PLC (8.60%), BHP Billiton PLC (7.03%), Glencore PLC (6.11%), and Anglo American PLC (3.59%).
From a fund standpoint PICK has more than 81% of its weightings toward international names that operate in the Metals and Mining space. These funds will undoubtedly be sensitive to spot prices of both Industrial and Precious metals prices, as well as to the broad “commodity” prices trend that tends to exist in the marketplace over time as well.
SPDR Metals & Mining ETF
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