The result has been a volatile year for top industrial firms that do business in Asia. Perhaps nothing illustrates this give-and-take better than the iShares U.S. Industrials ETF (IYJ) which has boomeranged from about $160 in September 2018 to a low of under $120 in early 2019 and then back to crest the $160 mark once more and set a new all-time high. If you’ve been holding the iShares U.S. Industrials ETF (IYJ) for the past 12 month, then you may have very little to show for it.
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