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home / news releases / iak pricing power in automotive

IAK - IAK: Pricing Power In Automotive

iShares U.S. Insurance

2024-01-28 10:28:25 ET

Summary

  • The iShares U.S. Insurance ETF provides exposure to US insurance stocks, with an especially large exposure to P&C insurance.
  • The expense ratio of IAK is only slightly higher than the average for US insurance stock ETFs, and the PE is in line with long-term market levels.
  • The growth in electric vehicles and car sophistication is expected to drive growth in automotive insurance as repair costs secularly rise, giving pricing power in automotive insurance.
  • In addition to greater investment income in the prevailing rate environment, we feel that IAK and insurance generally is overweight.

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For further details see:

IAK: Pricing Power In Automotive
Stock Information
Company Name: iShares U.S. Insurance
Stock Symbol: IAK
Market: NYSE
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