KIE
SPDR S&P Insurance ETFKIE Fund Description
KIE tracks an equal-weighted index of insurance companies, as defined by GICS.
KIE Factset Analytics Insight
While KIE stays true to the definition of an insurance company, its selection universe is narrower than our segment benchmark—it only holds half of our benchmark's holdings. Its equal-weighting scheme and narrow stock universe combine to make a very different portfolio from the broader segment. The fund underweights property and casualty insurance in favor of a large overweighting to reinsurance companies. KIE tilts much smaller than our benchmark, with an average market cap that is a small fraction of that of our benchmark, but also reduces its concentration risk—good news in a top-heavy sector. KIE is highly Tradable, with small spreads on the secondary market and excellent primary liquidity for block trades. It also charges a fairly low fee for its segment, and tracking is tight. Overall, KIE offers a strong alternative take on the US insurance space, at a reasonable price.
KIE MSCI ESG Analytics Insight
SPDR S&P Insurance ETF has an MSCI ESG Fund Rating of B based on a score of 2.46 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR S&P Insurance ETF ranks in the 4th percentile within its peer group and in the 7th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
KIE MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
KIE Charts And Performance
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KIE Summary Data
KIE Portfolio Data
KIE Index Data
KIE Portfolio Management
KIE Tax Exposures
KIE Fund Structure
KIE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of KIE. KIE is rated a 5 out of 5.
KIE Tradability
KIE Sector/Industry Breakdown
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KIE Top 10 Holdings[View All]
KIE Countries
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KIE Regions
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KIE Economic Development
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KIE Performance Statistics
KIE MSCI ESG Ratings
KIE Benchmark Comparison Summary
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KIE Benchmark Comparison Market Cap Size
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