An insurance sector ETF SPDR KBW Insurance ETF rose nearly 6% on August 29 in the wake of limited damages on the East Coast from Hurricane Irene, ETF Trends reports. Insurers such as Allstate Corporation and Travelers soared as the hurricane did not hit the Northeast too hard.
The PowerShares Dynamic Insurance and iShares Dow Jones U.S. Insurance are some of the ETFs that invest in the insurance sector. The SPDR KBW Insurance’s top holding is Travelers.
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