For Materials exposure, been eyeing XLB and PICK. Any thoughts on which would be better longer term? Worth adding now?

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What type of materials are you looking to get exposure with? XLB has metals & mining, but also chemicals, industrial gases, and engineered products. It’s a fairly diverse group.

PICK is a good option. It is a global mining ETF so you get a decent chunk of Chinese exposure in it. XME is the US only ETF.

I did well in the mining ETFs last year. Given slowing GDP growth rates and slowing inflation Im not currently in them. I watch copper prices to help give me a signal on these plays.

Long term in think mining should be fine. But the sector could drop 30% as we go through this return to long term GDP trends.

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