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IAK - IAK: How This Fund Could Act As 'Insurance' In A Market Downturn
iShares U.S. Insurance
2024-04-24 05:05:36 ET
Summary
IAK is a buy due to its long-term track record of performance and relatively low correlation to the market overall, as measured by beta value.
The insurance industry, particularly in the Asia Pacific region, is expecting solid growth. Several of IAK's top holdings are uniquely positioned to take advantage of this growth.
While insurance companies maintain thin profit margins, they are also highly regulated with capital requirements.