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Powershares Dynamic Insurance Portfolio ETF (PIC) |
QUOTE AND NEWS
more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
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Powershares Dynamic Insurance Portfolio ETF (PIC)
Overview
The PowerShares Insurance Portfolio (Fund) is based on the Insurance Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index. [1]
Fund Information
- Fund Manager - Invesco PowerShares
- Inception Date - 10/26/2005
- Exchange – NYSE Arca
- Index Ticker – PIC
- Intra-day NAV Ticker – PIC.IV
- Expense Ratio - 0.60%
Top Holdings
| Holdings | % of Portfolio |
| AFLAC Inc. | 5.73% |
| Travelers Cos. Inc. | 5.49% |
| Everest Re Group Ltd. | 5.39% |
| Chubb Corp. | 5.34% |
| Progressive Corp. | 5.30% |
| ACE Ltd. | 5.02% |
| AON Corp. | 5.00% |
| Unum Group | 4.55% |
| National Financial Partners Corp. | 3.23% |
| TransAtlantic Holdings Inc. | 3.18% |
Holdings as of 16/11/2009
Other Insurance ETFs
| ETF Name | Fund Manager | Expense Ratio |
| iShares Dow Jones U.S. Insurance Index Fund (IAK) | ishares | 0.48% |
| Powershares Dynamic Insurance Portfolio ETF (PIC) | Invesco PowerShares | 0.60% |
References
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