Top 3 Health Care ETFs Took in $1 Billion in July
- State Street’s XLV had record inflows, iShares fund is strong
- Health care ETF flows still down for the year following rout
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ETF investors are finally returning to health-care stocks after disappointing first-quarter earnings and the threat of lower drug prices sent the sector plunging.
The three largest exchange-traded funds tracking the industry took in more than $1 billion last month. The Health Care Select Sector SPDR Fund, or XLV, accumulated $942 million of inflows in July, the most since February 2017, following three straight months of outflows. The iShares Global Healthcare ETF, or IXJ, gathered $215 million, its largest monthly inflow ever, on the heels of a flat June. And investors poured $38 million into the Vanguard Health Care ETF, known as VHT, after adding $33 million in June.