Insurance is a very boring industry you might say, do not expect a great spectacle of sharp increases and declines here. On the other hand, slowly but steady rising prices are not the worst you can get.
It is a great ETF for long term investors. That being said, one has to be careful! A large disaster of any sort can hamper this insurance ETF of course, but there is more.
The influx of insurance premiums must be invested in a secure but profitable way but with interest rates as low as they are this yield is under pressure.
Buying bonds used to be a profitable business as interest rates went down and the bonds you were holding gained in value. But this party is almost over. If interest rates take a different road (upwards) the holders of bonds will be paying the price.
Lyxor STOXX Europe 600 Insurance UCITS ETF
37 European insurance companies are included in this insurance ETF. This particular Lyxor Insurance ETF is tracking the STOXX Europe 600 Insurance Net return index.
Looking at companies Allianz is dominating this insurance ETF with a 14% share. Prudential comes in second with an 11% share and then we will find AXA with a 10% share.
Looking at countries the UK is the main player here with a 30% share. Second is Germany with a 20% share and Switzerland comes in third with a 16% share.
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Lyxor STOXX Europe 600 Insurance UCITS ETF info:
ETF provider: Lyxor (Societe Generale)
Exchange: Euronext Parijs
This Lyxor STOXX Europe 600 Insurance UCITS ETF has quotations on different exchanges and is known under several ticker symbols. As long as the ISIN number is identical you are dealing with the same ETF.