iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)
ARCA ARCA Primary 
XDUS 
IAI: AI May Be Coming After Broker-Dealers (Rating Downgrade)
I downgrade the iShares US Broker-Dealers & Securities Exch ETF to hold amid softening momentum and rising downside risk. IAI's P/E has improved to 19.3x, but the PEG remains above 1.5x, keeping valuation out of deep value territory. The fund is highly concentrated, with 74% in its top 10 holdings and 32% in Capital Markets stocks.
IAI: Around Half Of Portfolio Is Countercyclical
The iShares US Broker-Dealers & Securities Exch ETF offers pro-volatility exposure, with brokerage and exchange holdings comprising the bulk of the portfolio. I view AI-related risks as overstated for IAI's core holdings; brokerage exchanges are already quite automated, and capital markets businesses remain resilient due to their human-centric nature. Asset Management and Wealth Management exposures face some risk from AI substitution and macro volatility, but these segments are a smaller part of IAI and unlikely to be fully displaced either.
Should You Invest in the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)?
Looking for broad exposure to the Financials - Brokers/ Capital markets segment of the equity market? You should consider the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), a passively managed exchange traded fund launched on May 1, 2006.
Should You Invest in the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)?
Designed to provide broad exposure to the Financials - Brokers/ Capital markets segment of the equity market, the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is a passively managed exchange traded fund launched on May 1, 2006.
Should You Invest in the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)?
Designed to provide broad exposure to the Financials - Brokers/ Capital markets segment of the equity market, the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is a passively managed exchange traded fund launched on May 1, 2006.
Should You Invest in the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)?
Launched on May 1, 2006, the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is a passively managed exchange traded fund designed to provide a broad exposure to the Financials - Brokers/ Capital markets segment of the equity market.
IAI: Broker-Dealer Alpha Continues, The Best Of The Financials Sector
I reiterate my buy rating on IAI, as broker-dealer stocks show strong momentum and relative strength versus other Financials in 2025. IAI's diversified portfolio, solid long-term earnings growth, and bullish technicals support its premium valuation and alpha potential. The ETF's concentration risk and elevated volatility are notable, but strong liquidity and seasonal July tailwinds bolster my positive outlook.
Should You Invest in the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)?
If you're interested in broad exposure to the Financials - Brokers/ Capital markets segment of the equity market, look no further than the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), a passively managed exchange traded fund launched on 05/01/2006.
IAI: Would Have Liked More Equity Brokerage Exposure
The iShares U.S. Broker-Dealers & Securities Exchanges ETF is not ideal for the current market, given its exposure to investment banking and capital markets. Volatility benefits equity brokers, but IAI's top holdings include companies not profiting fully from current market conditions. The ETF's 0.4% expense ratio is unjustified given the liquidity and accessibility of its top holdings, making selective stock picks more appealing.
Should You Invest in the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)?
The iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) was launched on 05/01/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Financials - Brokers/ Capital markets segment of the equity market.
IAI: Time To Shift Financial Exposures
The iShares U.S. Broker-Dealers & Securities Exchanges ETF is exposed to businesses indexed to primary and secondary market activity in debt and equity. Rising rates could negatively impact fixed-income brokerage and fixed-income primary markets. It's not great for AM, either. Even equity capital markets underwriting could suffer, as IPO markets are still pretty weak and would not appreciate re-inflation and rate hikes if that were to come.
ETFs to Play Upbeat Bank Earnings
Last week witnessed the releases of most big bank earnings of this season. Results were upbeat.
