KIE
State Street SPDR S&P Insurance ETF · Financial Services
State Street SPDR S&P Insurance ETF · Financial Services
The State Street SPDR S&P Insurance ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Insurance Select Industry Index (the "Index")Seeks to provide exposure to the insurance segment of the S&P TMI, which comprises the following sub-industries: Insurance Brokers, Life & Health Insurance, Multi-Line Insurance, Property & Casualty Insurance, and ReinsuranceSeeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocksAllows investors to take strategic or tactical positions at a more targeted level than traditional sector based investing
Financial Services
Asset Management
2005-11-15
0.63

The State Street SPDR S&P Insurance ETF (KIE) was launched on 11/08/2005, and is a smart beta exchange traded fund designed to offer broad exposure to the Financials ETFs category of the market.

State Street SPDR S&P Insurance ETF is well-positioned for a rising rate environment, benefiting from reserve portfolios rolling over at higher yields. KIE trades at 10x P/E, offering a compelling 10% earnings yield, a decent excess on risk-free returns given lower correlations with the market. The ETF's lower expense ratio (0.35%) versus competitors like IAK enhances its efficiency and return potential.

Looking for broad exposure to the Financials - Insurance segment of the equity market? You should consider the State Street SPDR S&P Insurance ETF (KIE), a passively managed exchange traded fund launched on November 8, 2005.

Cumberland Advisors Inc. increased its holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 89.3% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,690 shares of the exchange traded fund's stock after acquiring an additional 58,360 shares

Citigroup Inc. increased its position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 267.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,182,119 shares of the exchange traded fund's stock after purchasing an additional 860,043 shares during

The State Street SPDR S&P Insurance ETF (KIE) made its debut on 11/08/2005, and is a smart beta exchange traded fund that provides broad exposure to the Financials ETFs category of the market.
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