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Industrials: Attractive Opportunities in Industrial Distributors

Keith Schoonmaker, CFA (keith.schoonmaker@morningstar.com)

The Morningstar Global Industrials Index rose 11% over a trailing three-month period, in line with the broader global equity market. However, the index lagged the market's 1% increase after sliding 2% over the past 12 months on transpacific trade tensions and concerns about a looming economic slowdown.