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TrackInsight: Health care ETFs drop, penalised by biotech

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09/04/2020 | 10:15am EDT

The Health Care Stocks segment on TrackInsight posted a loss on Thursday, in the wake of biotech companies declining too.

The Health Care Stocks segment on TrackInsight posted a loss of -2,80% on Thursday, September 3rd, in the wake of biotech companies declining too. These two closely related sectors were amongst those who gained the most during the summer stock-market rally. Since the 1st of July, Health Care ETFs had returned over 10%, so yesterday’s correction could result from profit-taking frictions. The outflows of $ 128 M recorded yesterday also support this scenario. The progress of research related to the Covid-19 vaccine will drive next months’ evolution of this segment, which counts 24 ETFs for a total of $17,1 Bn of assets under management.


© www.trackinsight.com 2020
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