Published on 29 May 2023 on Zacks via Yahoo Finance
Should You Invest in the iShares U.S. Transportation ETF (IYT)?
If you're interested in broad exposure to the Industrials - Transportation/Shipping segment of the equity market, look no further than the iShares U.S. Transportation ETF (IYT), a passively managed exchange traded fund launched on 10/06/2003.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Industrials - Transportation/Shipping is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 12, placing it in bottom 25%.