ITB:nyse provides a broad investment in the home construction sector of the U.S. stock market. This ETF strives to match the performance of the DJ Select Home Construction Index at the risk of incurring investment losses from a depressed housing market.
ITB’s Market momentum
The chart (obtained from the interactive chart of Bloomberg.com) shows that in the past 12 months ITB’s share NAV and share price effectively tracked the total return of the DJ US Select Home Construction Index.
Copyright © 2011, Douglas R Knight