Among industry ETFs that respond positively to rising Treasury yields, perhaps only regional bank funds have been more desperate for rising rates than insurance ETFs.
SEE MORE: Another Rising Rates ETF Breaks Out
Insurance ETFs are also seen benefiting from Donald Trump’s shocking victory in last week’s presidential election.
“Additionally, Trump proposals including the dismantling of Dodd-Frank and Obamacare could be beneficial to the insurance industry,” reports ETF Daily News. “Dodd-Frank and other post-mortgage-crisis regulations limit merger activity and the scope of investment activity in the financial sector. So, we could see increased M&A activity and increased diversified revenues during the Trump presidency if regulations are discontinued.”
For more information on the insurance industry, visit our insurance category.
SPDR S&P Insurance ETF
