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SPDR® S&P Insurance ETF (KIE)KIE
- BUY Advisory
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- Loss-Inducing SELL
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Upturn Advisory Summary
09/18/2024: KIE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 3.09% | Upturn Advisory Performance  3 | Avg. Invested days: 47 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 3.09% | Avg. Invested days: 47 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 914445 | Beta 0.73 |
52 Weeks Range 40.96 - 57.21 | Updated Date 09/19/2024 |
52 Weeks Range 40.96 - 57.21 | Updated Date 09/19/2024 |
AI Summarization
ETF SPDR® S&P Insurance ETF (KIE) Overview:
Profile:
- Target sector: Insurance
- Asset allocation: Primarily invests in large-cap U.S. insurance companies.
- Investment strategy: Tracks the S&P Insurance Select Industry Index, offering broad exposure to the insurance sector.
Objective:
- To provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P Insurance Select Industry Index.
Issuer:
- State Street Global Advisors (SSGA):
- Reputation: Renowned asset manager with over $3.6 trillion in AUM.
- Reliability: Experienced and established player with strong track record.
- Management: Experienced team managing a diverse range of ETFs and mutual funds.
Market Share:
- Holds the largest share (approximately 84%) of the insurance ETF market.
Total Net Assets:
- Approximately $2.27 billion as of November 1st, 2023.
Moat:
- Strong brand recognition associated with State Street.
- Low expense ratio compared to competitors.
- First-mover advantage in the insurance ETF space.
Financial Performance:
- YTD return: -12.58% (as of November 1st, 2023).
- 1-Year return: -2.27%.
- 3-Year return: 18.79%.
- 5-Year return: 11.29%.
- Benchmark Comparison: Outperformed its benchmark, the S&P 500, over the past 3 and 5 years.
Growth Trajectory:
- Stable growth trajectory with increasing AUM over time.
- Benefiting from the long-term growth potential of the insurance industry.
Liquidity:
- Average Trading Volume: High average daily volume of approximately 2.5 million shares, ensuring easy buying and selling.
- Bid-Ask Spread: Tight spread indicating low transaction costs.
Market Dynamics:
- Factors influencing KIE:
- Economic growth: Positively impacts insurance industry performance.
- Interest rate fluctuations: Can affect insurance company profitability.
- Regulatory changes: May impact industry dynamics.
Competitors:
- iShares U.S. Insurance ETF (IYI): 11% market share.
- VanEck Insurance ETF (INSU): 5% market share.
Expense Ratio:
- 0.35%
Investment Approach and Strategy:
- Tracks the S&P Insurance Select Industry Index.
- Primarily invests in stocks of large-cap U.S. insurance companies.
- Uses a passive management approach.
Key Points:
- Largest and most liquid insurance ETF.
- Low-cost option for gaining broad exposure to the insurance sector.
- Strong long-term performance track record.
Risks:
- Volatility: Fluctuations in insurance stocks can lead to volatility in KIE's price.
- Market Risk: General market downturns can negatively impact insurance company performance.
Who Should Consider Investing:
- Investors seeking broad exposure to the U.S. insurance industry.
- Investors looking for long-term capital growth.
Fundamental Rating Based on AI:
- 7.8 out of 10
- Strong Points: Size, liquidity, low cost, track record.
- Areas for Improvement: Recent performance, sensitivity to economic cycles.
Resources and Disclaimer:
- Information gathered from SSGA website, ETF.com, Bloomberg.
- This analysis is for informational purposes only and should not be considered investment advice.
Please note that this information is accurate as of November 1st, 2023. Please refer to the most up-to-date data before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® S&P Insurance ETF
In seeking to track the performance of the S&P Insurance Select Industry Index (the index), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the insurance segment of the S&P Total Market Index (S&P TMI).
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