KIE
State Street SPDR S&P Insurance ETF
📎 Investment Objective
The SPDR S&P Insurance ETF (KIE) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Insurance Select Industry Index.
Overview
ETF tracking State Street SPDR S&P Insurance ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The SPDR S&P Insurance ETF (KIE) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Insurance Select Industry Index.
🎯 Investment Strategy
The fund employs a passive management approach, attempting to track the performance of the underlying index by investing in a representative sample of the securities included in the index. The index includes companies from the insurance industry, including life, health, property and casualty, and multi-line insurance companies.
✨ Key Features
- Provides exposure to the insurance industry sector
- Passively managed to track the S&P Insurance Select Industry Index
- Low expense ratio of 0.00%
- Relatively small fund with $0 in assets under management
⚠️ Primary Risks
- Concentration risk as the fund is focused on a single industry sector
- Tracking error risk as the fund may not perfectly replicate the performance of the underlying index
- Market risk as the value of insurance stocks can be volatile
- Liquidity risk due to the small size of the fund
👤 Best For
This ETF may be suitable for investors seeking broad exposure to the insurance industry as part of a diversified portfolio. It could be appropriate for investors with a higher risk tolerance who are comfortable with the concentrated sector focus and potential volatility. However, the small fund size may limit its appeal for some investors.