ETFs For Exposure To Healthcare Sectors
3. Healthcare
This year started with the positive news on several COVID vaccines that helped global economies return to normal. As a result, investors became interested in so-called “opening trades,” value shares that were out of favor because of pandemic triggered lockdowns. Healthcare stocks weren't necessarily part of that scenario. However, the increasing number of coronavirus cases due to the Omicron variant in recent weeks has once again put healthcare shares in the limelight.
The US healthcare industry is the world’s largest. The Health Care Select Sector SPDR® Fund (NYSE:XLV), one of the oldest ETFs in the segment, invests in biopharma and life sciences companies as well as firms that manufacture or distribute healthcare supplies and equipment. Since its inception in December 1998, the fund’s assets under management have grown to $35.4 billion.
Close to 55% of the fund's assets are concentrated in the top 10 names, including UnitedHealth (NYSE:UNH), Johnson & Johnson (NYSE:JNJ), Pfizer (NYSE:PFE), Thermo Fisher Scientific (NYSE:TMO), Abbott Laboratories (NYSE:ABT), AbbVie (NYSE:ABBV), and Merck (NYSE:MRK).
Read more: https://www.investing.com/analysis/9-etfs-for-exposure-to-energy-financials-and-healthcare-sectors-200612822
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