IAK - KBWP: Great Sector But Short-Term Top Might Be In

2024-06-14 13:38:05 ET

Summary

• The property and casualty insurance sector is steady, defensive, and profitable with little competition.
• Invesco KBW Property & Casualty Insurance ETF offers exposure to US property and casualty insurance businesses.
• The KBWP ETF portfolio includes blue-chip companies like Progressive, Chubb, AIG, and Allstate, with concentration risk and mid-cap/small-cap skew.

The property and casualty insurance sector consists of firms that are steady, defensively oriented, and incredibly profitable. I don't ever recall a time when premiums were lowered by these companies, and the reality is that many of them have mini-local monopolies in terms of little to no competition. So why not consider investing in this part of the marketplace?...

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