The correct answer is      (B.)  SPDR International Industrial Sector (IPN)

While many newly launched funds are carving into ultra-narrow industry subsets with only a couple of dozen members, this new offering from State Street returns to the broad-based roots of the ETF industry. Providing access to most of the world's biggest industrial players, this fund mirrors the S&P BMI World ex-U.S. Industrial Sector Index -- made up of industrial stocks trading in developed markets outside the U.S. There are plenty of companies that fall under this wide umbrella, and the index currently has 1,234 holdings. Over the past five years, the index it tracks has already delivered an impressive annualized return of +23%, for a cumulative return of +180%. What is causing such stellar returns?

Most likely, you've heard glowing reports about the massive infrastructure and construction spending taking place overseas, particularly in the world's emerging markets. Countries throughout South America, Europe and Pacific Asia have earmarked hundreds of billions of dollars for everything from public transportation to water treatment facilities to support the growing needs of their citizens. This buildup is powering strong growth in the global industrials sector.

Though signs of a cooling global economy could dampen demand for industrial stocks in the short run, the longer-term picture remains promising. This one-shot exposure to hundreds of powerful industrial companies with compelling valuations is why The ETF Authority editor Nathan Slaughter profiled IPN recently as a possible addition to his "Sector Trading" Portfolio. Nathan's portfolio includes a select group of funds that he has picked to outperform the broader market thanks to their focus on strong-performing sectors. To learn more about Nathan's two other portfolios, and to learn more about The ETF Authority, please visit this link.