3 Health Care ETFs Hitting New Highs

3 Health Care ETFs Hitting New Highs

The health care sector has taken its lumps this year. For much of 2019, the second-largest sector weight in the S&P 500 has been a laggard and, as just one example of that trend, Pfizer (PFE) has been one of the worst-performing members of the Dow Jones Industrial Average this year.

All that said, the sector is now showing signs of life. Just this month, the Health Care Select Sector SPDR (XLV), the largest health care exchange-traded fund by assets, is higher by almost 7%.

Speaking of XLV, the benchmark health care ETF hit an all-time high last Friday. Just 17 ETFs accomplished that feat and XLV was one of eight health care ETFs in that illustrious club.

Let's have a look at some of the other health care ETFs that have recently ascended to fresh highs.

Global X Longevity Thematic ETF (LNGR)

The Global X Longevity Thematic ETF LNGR tracks the Indxx Global Longevity Thematic Index and is often overlooked in the health care ETF conversation. It probably shouldn't be as highlighted by a year-to-date gain of 22.54%. After all, LNGR is one of the few health care funds explicitly dedicated to the aging population theme.

The fund “seeks to invest in companies positioned to serve the world’s growing senior population through exposure to health care, pharmaceuticals, senior living facilities and other sectors that contribute to increasing lifespans and extending quality of life in advanced age,” according to Global X.

Additionally, LNGR gives investors a more futuristic avenue to healthcare investing than traditional funds in this category.

“The Health Care sector is a perfect narrator for data, even more so when hooked up to the Internet of Things (IoT),” Global X said in a recent note. “Internet-connected devices used by pharmaceutical, medtech, and health service providers offer myriad opportunities to collect, analyze, and utilize patient data. Application of that data can improve preventative medical care as well as treatments for symptoms and disease.”

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