The manufacturing index is characterized by both lower peaks and deeper troughs than the broad-based index
. This can be attributed both to the continuing growth in many of the service-producing industries and to the cyclical sensitivity of the manufacturing industries.
Diak says his group's approach is somewhat different: "As we transition from mutual funds and individual stocks to [becoming] an ETF-focused shop, we're really focused [on] broad-based index
funds to create the core for client portfolios," and have begun to add factor-investing, smart beta and low-volatility ETFs to create dividend and value-based holdings.
If a trader is looking at the market today, and believes that large caps and broad-based indices will rally in the short-term, using a Direxion Daily 3x leveraged ETF which tracks one of the positive movers, or the broad-based index
itself, could be a fruitful short-term trade idea.
This book is an entertaining and informative guide that supports the development of a globally diversified portfolio consisting of multiple asset classes through the use of passively managed asset-class mutual funds, broad-based index
funds, or their equivalent exchange-traded funds.
The S&P China 500 Index is one of the only broad-based indexes
offering exposure to all Chinese equity share classes, listed both in Mainland China and internationally.