Insurance ETFs May Trade on Loews Earnings
May 2nd 2011 at 5:06am by John Spence
Insurance exchange traded funds (ETFs) were on Monday’s agenda following quarterly results from Loews (NYSE: L).
The company said its first-quarter profit slipped to $382 million from $420 million in the year-ago period. One of the holding company’s key subsidiaries is insurance firm CNA Financial.
Insurance sector ETFs PowerShares Dynamic Insurance Portfolio (NYSEArca: PIC) and iShares Dow Jones U.S. Insurance Index Fund (NYSEArca: IAK) have more than 4% in the stock.
PowerShares Dynamic Insurance Portfolio
The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.