Porter & Co. Launches ETF Targeting Leading P&C Insurers

Porter & Co. launched the Porter & Company Property & Casualty Index ETF (PCPC), which tracks the Porter & Co. P&C Insurance Index, offering focused exposure to 20 leading property and casualty insurers and reinsurers. The fund invests at least 80% of assets in index constituents, selected using market capitalization, profitability and business-mix criteria. Weightings favor companies with stronger underwriting performance, measured by combined ratios, while individual holdings are capped at 10%. The index is reconstituted and rebalanced annually.