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TheStreet.com
Nov 23
Comment
Market Vectors ETF should continue to propel higher on the weaker dollar and emerging-markets demand.
Contrarian Profits
Jul 20
Comment
With the market very near critical support levels, critical earnings reports on the docket, and inflation and employment data set for release, it was more prudent last week to keep the powder dry. But the market surprised to the upside, as key...
Money Morning
Jul 20
Comment
By Horacio Marquez
Contributing Editor
Money Morning
With the market very near critical support levels, critical earnings reports on the docket, and inflation and employment data set for release, it was more prudent last week to keep...
Random Roger's Big Picture
Dec 12
Comment
SLX is the Market Vectors Steel ETF. It listed in October. As you may know Nucor is getting crushed and some the other related stocks have rolled over in the last couple of days.
The chart shows that SLX has generally been a smoother ride but has...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
TOP CONTRIBUTORS
Market Vectors Steel ETF (SLX)
Overview
The Steel ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index. The Index provides exposure to publicly traded companies primarily involved in a variety of activities that are related to steel production, including the operation of manufacturing mills, fabrication of steel products, or the extraction and reduction of iron ore. As such, the Fund is subject to the risks of investing in this sector. [1]
Fund Information
- Fund Manager - Van Eck Funds
- Inception Date - 10/10/2006
- Exchange – NYSE Arca
- Index Ticker – SLX
- Intra-day NAV Ticker – SLX.IV
- Expense Ratio – 0.55%
Top Holdings
| Holdings | % of Portfolio |
| Rio Tinto PLC RTP | 13.48% |
| Vale S.A. (ADR) VALE | 13.28% |
| ArcelorMittal MT | 9.56% |
| POSCO PKX | 6.65% |
| Gerdau SA GGB | 5.66% |
| Cia Siderurgica Nacional SA SID | 5.45% |
| Cliffs Natural Resources Inc. CLF US | 5.27% |
| Mechel MTL | 4.95% |
| Ternium SA TX | 4.89% |
| Gerdau Ameristeel Corp GNA | 4.37% |
Holdings as of 13/11/2009
| ETF Name | ETF Name | Fund Manager |
| Global Steel Portfolio ETF (PSTL) | Global Steel Portfolio ETF (PSTL) | Invesco PowerShares |
| Market Vectors Steel ETF (SLX) | Market Vectors Steel ETF (SLX) | Van Eck Funds |
References
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