The Long-Term Care ETF (OLD)
The Long-Term Care ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $29.83, down 0.31% on the session, giving a market capitalisation of $31.8M. Its beta of 1.10 implies it has historically moved more than the broad market.
This investment product aims to replicate the financial performance of an underlying index, prior to the deduction of fees and expenses. This index is specifically constructed to monitor the performance of companies worldwide that are strategically positioned to gain from delivering long-term care services to the elderly population. The encompassed businesses include those involved in owning or managing senior living establishments, providing nursing services, operating specialized hospitals, and offering senior housing solutions, as well as biotechnology companies developing treatments for age-related conditions, and enterprises that supply goods and services to these care facilities. The fund commits a minimum of 80% of its net assets to the equities comprising the Solactive Long-Term Care Index. It is classified as a non-diversified fund.
The Long-Term Care ETF is most often compared with the following Financial Services names: