“The hurricane is an excuse not to be buying the property and casualty insurers,” Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott, told Bloomberg. “Fundamentally speaking, these names are prepared for reasonable damages.”
ETFs that invest in the insurance sector include:
- SPDR KBW Insurance (NYSEArca: KIE)
- iShares Dow Jones U.S. Insurance (NYSEArca: IAK)
- PowerShares Dynamic Insurance (NYSEArca: PIC)
SPDR KBW Insurance
Max Chen contributed to this article.