Financial ETFs led the stock market higher Wednesday on the first day of trading for the second half of the year. A niche $13.22 million exchange traded fund, focused on insurance stocks, beat its larger sector peers in early trade. PowerShares KBW Property & Casualty Insurance (KBWP) gapped up 4.3% to 46.12. It benefited from Ace's (ACE) $28.3 billion bid for Chubb (CB) -- the largest-ever merger deal in the insurance industry. Major ETFs tracking
Wednesday 1 July 2015
Wednesday ETF Winners: Insurance ETF Gains On Deal
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Financial ETFs led the stock market higher Wednesday on the first day of trading for the second half of the year. A niche $13.22 million exchange traded fund, focused on insurance stocks, beat its larger sector peers in early trade. PowerShares KBW Property & Casualty Insurance (KBWP) gapped up 4.3% to 46.12. It benefited from Ace's (ACE) $28.3 billion bid for Chubb (CB) -- the largest-ever merger deal in the insurance industry. Major ETFs tracking
Financial ETFs led the stock market higher Wednesday on the first day of trading for the second half of the year. A niche $13.22 million exchange traded fund, focused on insurance stocks, beat its larger sector peers in early trade. PowerShares KBW Property & Casualty Insurance (KBWP) gapped up 4.3% to 46.12. It benefited from Ace's (ACE) $28.3 billion bid for Chubb (CB) -- the largest-ever merger deal in the insurance industry. Major ETFs tracking
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