Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:XShares Launches Two Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 18, 2007

XShares Launches Two Funds

News summary by MFWire's editors

XShares Advisors has rolled out two new exchange-traded funds. The HealthShares) Dermatology and Wound Care ETF began trading today on the New York Stock Exchange. -ed.


XShares Advisors LLC, a financial services company focused on the development and distribution of innovative Exchange Traded Funds (ETFs), announced that HealthShares(TM) Dermatology and Wound Care ETF (HRW) began trading today on the New York Stock Exchange (NYSE). This will bring the total number of publicly traded HealthShares(TM) ETFs to 17. The previous 16 HealthShares ETFs launched earlier this year on the NYSE.

HealthShares(TM) ETFs are organized into therapeutic 'Verticals' and represent specific areas of the healthcare, life science and biotechnology industries. Each Vertical tracks a collection of large, mid and small-cap stocks that addresses a distinct sub-segment of healthcare, such as the diagnosis and treatment of specific therapeutic areas (e.g. cardiology, cancer, infectious disease, etc.) and the development of medical devices (e.g. orthopedic repair, cardio devices, etc.).

"This latest HealthShares(TM) offering reinforces XShares' commitment to providing investors with innovative ETF offerings using our unique Vertical methodology," said Jeffrey L. Feldman, Chairman and Founder, XShares Group LLC. "The Dermatology and Wound Care ETF is just another example of how HealthShares(TM) allow investors to align their investment dollars with the technologies that may be treating them in the future."

Each HealthShares(TM) ETF is comprised of 22-25 stocks, except the HealthShares Composite which has 80 stocks, and tracks an index that is based on a proprietary intellectual model, with well defined quantitative parameters, developed by XShares Group LLC, the parent of XShares Advisors LLC. Each Index composition calculation is administered independently by Standard & Poor's (S&P).

The company has a substantial list of additional funds in varying stages of creation, some of which use proprietary indexes and others developed in concert with strategic partners. Additional funds will be brought to market in the near future.

About HealthShares(TM)

XShares Advisors LLC, a financial services company based in New York, is the creator of the HealthShares(TM) family of Exchange Traded Funds (ETFs). HealthShares(TM) ETFs are organized into therapeutic 'Verticals' and represent specific areas of the healthcare, life science and biotechnology industries. Each Vertical addresses a distinct sub-segment of healthcare, such as the diagnosis and treatment of specific therapeutic areas (e.g. cardiology, cancer, infectious disease, etc.) and the development of medical devices (e.g. orthopedic repair, cardio devices, etc.). Each ETF tracks an index of 22-25 stocks and offers institutional and individual investors a more precise financial instrument that leverages the potential of healthcare investing while mitigating the risks of single stock picking. For more information, visit the company's website at: http://www.healthsharesinc.com/.

About XShares

XShares Advisors LLC, a subsidiary of XShares Group LLC, is a registered investment advisor that provides investment advisory services to Exchange Traded Funds. XShares also partners with major institutions and index providers seeking to bring innovative Exchange Traded Funds to market using its administrative platform. In addition, XShares creates and licenses distinctive intellectual property for its ETFs, developing products that allow for innovative trading strategies and alternative investments for the financial community. For more information, visit the company's website at http://www.xsharesadvisors.com/.

An Investor should consider the fund's investment objective, risks, charges and expenses carefully before investing. For this and more complete information about the fund call 800.925.2870 or visit the website http://www.healthsharesinc.com/ for a prospectus. Please read the prospectus carefully before investing.

* There are risks involved with investing in ETFs including possible loss of money. HealthShares(TM) are not actively managed and are subject to risks similar to stocks, including those related to short selling and margin maintenance. HealthShares(TM) ETFs are subject to increased risks associated with investing in a specific sector compared to more a diversified investment, as well as unique risks associated with the healthcare and biotechnology sector (i.e., government regulation, patent regulation, etc.). The prospectus is not an offer to buy or sell the portfolio shares, nor is the fund soliciting an offer to buy its shares in any jurisdiction where the offer or sale is not permitted.

HealthShares(TM) Exchange Traded Funds are distributed by ALPS Distributors, Inc.

HSI 207 exp 6/30/07

Source: XShares Advisors LLC 

Edited by: Erin Kello


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use