PowerShares KBW Property & Casualty InsuranFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$49.75
- Net Assets:$9.8 Million
- Peer Rank:13 of 323
- Investment Rating:A-
We rate PowerShares KBW Prop & Casualty Ins at A-. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The PowerShares KBW Prop & Casualty Ins has returned an annual rate of 16.20% since inception. More recently, the fund has generated a total return of 14.99% in the last three years, 10.63% in the last year, and 4.29% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 85% of them. It has also outpaced 79% of its competitors on a one year basis for the period ending 6/30/2016. On a year to date basis, KBWP has returned 4.29%.
Downside risk has been below average. KBWP has a draw down risk of -7.61%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 12.2%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $49.75, which is 0.5% below its 52-week high of $49.99 and 6.7% above its 52-week low of $46.62.
Low expense ratio helps performance. As KBWP is an exchange traded fund, it has no front end or back end load.
The PowerShares KBW Prop & Casualty Ins is managed by Michael C. Jeanette at Invesco Powershares Capital Mgmt LL. This fund is one of 128 Invesco Powershares Capital Mgmt LL exchange-traded funds launched since 5/1/2003 that we track.