5 Best Financial and Fintech ETFs To Buy

3. iShares U.S. Insurance ETF (NYSE:IAK)

5-Year Performance as of August 9: 41.14%

iShares U.S. Insurance ETF (NYSE:IAK)’s primary goal is to replicate the investment outcomes of the Dow Jones U.S. Select Insurance Index, which is composed of US insurance sector stocks. The ETF was established on May 01, 2006. As of August 8, 2023, the total assets of iShares U.S. Insurance ETF (NYSE:IAK) amounted to $361.3 million. The ETF’s portfolio consists of 56 stocks, and it offers an expense ratio of 0.40%. iShares U.S. Insurance ETF (NYSE:IAK) is one of the best financial ETFs to watch. 

Chubb Limited (NYSE:CB) is the largest holding of iShares U.S. Insurance ETF (NYSE:IAK). The company provides insurance and reinsurance products worldwide. On July 25, Chubb Limited (NYSE:CB) reported a Q2 non-GAAP EPS of $4.92, beating market estimates by $0.50. Net premiums earned in Q2 increased 15% year-over-year to $10.99 billion, topping Wall Street consensus by $360 million. 

According to Insider Monkey’s first quarter database, 45 hedge funds were bullish on Chubb Limited (NYSE:CB), with combined stakes worth $1.86 billion. Andreas Halvorsen’s Viking Global is the leading position holder in the company, with 3.46 million shares worth just over $673 million. 

Ave Maria World Equity Fund made the following comment about Chubb Limited (NYSE:CB) in its Q1 2023 investor letter:

“Chubb Limited (NYSE:CB) is the world’s largest publicly traded P&C insurance company and a leading commercial lines insurer in the U.S. with operations in 54 countries and territories. Chubb is regarded as one of the most skilled property and casualty underwriters globally with an average P&C combined ratio of 90.8% between 2018 and 2022.”