MetLife, Prudential Earnings to Move Insurance ETFs
May 4th, 2011 at 3:27pm by John Spence
Exchange traded funds (ETFs) tracking the insurance sector will likely see increased interest Thursday following quarterly earnings from MetLife (NYSE: MET) and Prudential Financial (NYSE: PRU).
Both companies are expected to report after Wednesday’s closing bell. MetLife and Prudential are the top two holdings in iShares Dow Jones U.S. Insurance Index Fund (NYSEArca: IAK) at nearly 20% of the portfolio combined.
A smaller component in the insurance ETF, Genworth (NYSE: GNW), was down nearly 1% Wednesday after the company reported quarterly profit that missed consensus.
The insurance ETF was up about 6% this year through Tuesday’s close.
iShares Dow Jones U.S. Insurance Index Fund
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