Health Care ETFs Slump

Health Care ETFs Slump

Chairman Dan Wiener joined CNBC’s “ETF Edge” to discuss the slumping medical sector. Health Care Select Sector SPDR fund and iShares Dow Jones US Health Care ETF respectively dropped 2% and 5% this past month as a result of rising drug prices, uncertainty related to the Affordable Care Act and Senator Bernie Sanders’ recent “Medicare-for-All” proposal. Dan noted that Johnson & Johnson and Pfizer carry heavy weight in large health care ETFs—currently representing around 15% of combined holdings. As a result, these sector funds suffer when either of these stocks declines.

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