Insurance ETFs Shrug Off Hurricane, 'Quick Buck' ETFs Rise
In this article:
In this episode of Exchange Traded Fridays, etf.com’s Sumit Roy, Jeff Benjamin, and Kent Thune discuss why insurance ETFs have been so strong. They also dive into the macro outlook following the latest economic data, as well as the rise of “quick buck” ETFs that offer 100% yields.
What hurricane? You would never have guessed that a powerful Category 3 hurricane had just made landfall in Florida by looking at the performance of insurance ETFs.
Up a whopping 30% so far this year, insurance funds have been standout performers in 2024. Find out the reasons behind this counterintuitive rise, as well as the story behind the popularity of derivative funds like covered call ETFs and leveraged ETFs.