Among the top year-to-date ETF performers, there is a heavy concentration in health care, according to the latest figures from Standard & Poor's (S&P).
According to S&P 14 of the 16 strongest returns came from ETFs focusing on either the overall sector or a portion of the health care area. The list is led by iShares Dow Jones US Health Care Providers Index Fund (IHF 64 Overweight), with a total return of 17.4%. Jeffrey Loo, S&P Equity Research's Group Head for Health Care, partially attributes the US sector's relatively strong year-to-date returns through late June to a rebound from underperformance in 2010, when valuations were hurt by uncertainty related to health care reform. "Investors have become more comfortable with and better un...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
