Insurance, Ranked By Who's Good At It: Tuttle Capital Launches the Porter & Company Property & Casualty Index ETF (PCPC)
Tuttle Capital Management announces the launch of the Porter & Company Property & Casualty Index ETF (PCPC), a rules-based ETF that tracks the Porter & Co. P&C Insurance Index — an index that ranks P&C insurers by underwriting profit, not market capitalization. The Index selects up to 20 companies annually and weights each by the inverse of its combined ratio, so the insurers making the most money on the policies they write get the largest positions, capped at 10% per holding. The Fund's total...