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Launched on 11/08/2005, the State Street SPDR S&P Insurance ETF (KIE) is a smart beta exchange traded fund offering broad exposure to the Financials ETFs category of the market.
US regional banks join bigger peers in signaling resilient economy as lending holds firm
UK banking stocks dip on media report of budget tax increase
Kier Group PLC (LSE:KIE), the UK infrastructure and construction contractor, has had its price target raised to 330p from 215p by RBC Capital Markets following the company's recent strategic update. RBC retained its Sector Perform rating, saying Kier's shares have already risen about 27% since the update and now offer limited further upside against the new valuation.
The Federal Reserve raised its benchmark interest rate on Wednesday, September 16, lifting the federal funds target to a range of 3.75% to 4%. It was the first hike since July 2023, and the committee voted for it unanimously.
Top U.S. banks raised their prime lending rate on Wednesday after the Federal Reserve increased its benchmark interest rate, a move that is set to raise borrowing costs for consumers and businesses.
Looking for broad exposure to the Financials - Insurance segment of the equity market? You should consider the State Street SPDR S&P Insurance ETF (KIE), a passively managed exchange traded fund launched on November 8, 2005.
The State Street SPDR S&P Insurance ETF (KIE) made its debut on 11/08/2005, and is a smart beta exchange traded fund that provides broad exposure to the Financials ETFs category of the market.