Core Viewpoint - iShares Global Materials ETF (MXI) has reached a 52-week high and has increased by 37.2% from its 52-week low price of $71.01 per share, indicating strong momentum in the fund [1]. Group 1: ETF Overview - MXI provides exposure to companies involved in the production of raw materials, including metals, chemicals, and forestry products [2]. - The fund charges an annual fee of 39 basis points (bps) [2]. Group 2: Factors Driving Performance - The rise in MXI's value is attributed to robust demand for industrial products and a bullish sentiment across cyclical sectors, particularly benefiting from higher commodity prices and increased infrastructure spending [3]. - The ETF's exposure to major global miners and chemical companies has contributed to its performance, along with support from gold miners like Newmont due to rising gold prices [3]. Group 3: Future Outlook - MXI is expected to continue its strong performance in the near term, supported by a positive weighted alpha of 25.64, suggesting potential for further gains [4].