While KIE stays true to the definition of an insurance company, its selection universe and equal-weighting scheme narrows its stock universe to make a very different portfolio from the other funds in the segment. The fund underweights property and casualty insurance in favor of a large overweighting to reinsurance companies. It also reduces its concentration risk-- good news in a top-heavy sector. Overall, this fund is for those looking for unconventional exposure to the insurance sector.
Need a custom stock scraper? Want to do some machine learning? We are here to help! Reach out to us!