Top holdings: People’s United Financials (NASDAQ: PBCT) is 6.25%, TFS Financial Corp. (NASDAQ: TFSL) is 4.56% and Commerce Bancshares Inc. (NASDAQ: CBSH) is 3.85.
SPDR KBW Regional Bank ETF (NYSEArca: KRE).The fund tries to reflect the total return performance of the KBW Regional Banking Index. Regional banks are smaller, so they’re less likely to come under the scope of Obama’s new proposals. Regional banks were also relatively unscathed during the financial fallout of 2008, and have so far reported fourth-quarter earnings that exceed expectations.
Top holdings: Associated Banc Corp (NASDAQ: ASBC) is 2.55%, City Natl Corp (NYSE: CYN) is 2.2 and Bank Hawaii Corp (NYSE: BOH) is 2.17%.
iShares Dow Jones US Broker-Dealers (NYSEArca: IAI). The fund tries to reflect the price and yield performance of the Dow Jones U.S. Select Investment Services Index. The Index measures the performance of the investment services sector fo the U.S. equity market, which includes companies that provide a range of specialized financial services like securities brokers and dealers, online brokers and sercurities or commodities exchanges. A broker/dealer is any individual or firm in the business of buying and selling securities for itself and others.
Top holdings: Goldman Sachs Group (NYSE: GS) is 10.68%, Morgan Stanley (NYSE: MS) is 8.39% and CME Group (NYSE: CME) is 7.35%.
iShares Dow Jones US Insurance (NYSEArca: IAK).The fund tries to reflect the investment results that tracks the Dow Jones U.S. Select Insurance Index. Insurers not only provide things like auto and homeowner’s insurance, but they insure securities.
Top holdings: The Travelers Companies (NYSE: TRV) is 9.54%, Prudential Financial Inc. (NYSE: PRU) is 8.16% and AFLAC Inc. (NYSE: AFL) is 7.65%.
For more information on the financial sector, visit our financial category.
Max Chen contributed to this article.