The iShares U.S. Financial ETF (NYSEArca: IYF) has a slightly lower allocation to Berkshire at 6.4%, Wells Fargo at 6.6% and JPMorgan at 6.4%. The fund includes 33.3% allocated to banks, 24.8% to financial services and 18.7% in nonlife insurance companies. IYF has a 0.46% expense ratio and has increased 26.3% year-to-date.
Additionally, the Market Vectors Wide Moat ETF (NYSEArca: MOAT) has a 4.9% weighting in Berkshire. The underlying index utilizes a “wide moat” investment strategy that hones in on companies with a competitive advantage, which reflects Buffett’s sentiment on investment choices. MOAT has a 0.49% expense ratio and is up 18.7% year-to-date. [ETF Patterned on Warren Buffett’s Economic ‘Moat’ Approach]
Investors can also cover broad markets that include large blue-chip names found in Berkshire through the SPDR S&P 500 (NYSEArca: SPY), SPDR Dow Jones Industrial Average (NYSEArca: DIA) and Vanguard Total Stock Market ETF (NYSEArca: VTI). SPY has a 0.9% expense ratio and gained 21.2% year-to-date; DIA has a 0.17% expense ratio and rose 21.2% year-to-date; and VTI has a 0.05% expense ratio and increased 22.0% year-to-date.
For more information on the financial sector, visit our financial category.
Max Chen contributed to this article.