US Financials ETF
With this US Financials ETF you will get almost the complete US financial sector in 1 ETF. You will not only find banks in this financials ETF, insurance companies, large investment companies and credit card companies are also included.
Of course the price fluctuation of this financials ETF is depended upon the state of the economy. A new credit crisis would of course be devastating to this US financials ETF but as long as the economy goes along smoothly and there are no major financial hick-ups the financial market sector may have prosperous years ahead.
iShares US Financials ETF
This iShares US Financials ETF is tracking the Dow Jones US Financials Index. All underlying shares are quoted and situated in the US. Almost 300 companies are included in this financials ETF so the spread is wide.
The company with the largest weighing in this US financials ETF is Warren Buffet’s Berkshire Hathaway with a share of slightly more than 6%. Wells Fargo follows closely with also a 6% share and the same goes for JP Morgan Chase with slightly less than 6%.
You will also find all major credit card companies here such as Visa, MasterCard and American Express. The provider of this financials ETF, BlackRock is also included.
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iShares U.S. Financials ETF info:
ETF provider: iShares (BlackRock)
Ticker: IYF
ISIN: US4642877884
Currency: Dollar
Exchange: NYSE Arca