Billions from insurers are flooding into ETFs
November 22, 2016 by SONALI BASAK, DANI BURGER
(Bloomberg) — The booming demand for hot exchange-traded funds has finally caught up with the insurance industry.
U.S. insurers are the latest group of investors to start buying ETFs en masse, with one of the fastest adoption rates among institutions. And they’re not done yet, according to JPMorgan Chase & Co.’s Mark Snyder, who helps oversee funds for the industry. Insurance companies are holding an estimated $200 billion in cash and another $80 billion in equities that could be reallocated, he said, and by shifting some of their portfolios about $25 billion to $50 billion could flow into ETFs.
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Originally Posted at LifeHealthPro on November 21, 2016 by SONALI BASAK, DANI BURGER.
Categories: Industry Articles
