The Obesity ETF (SLIM)
The Obesity ETF operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $33.25, down 8.06% on the session, giving a market capitalisation of $11.3M. Its beta of 0.70 implies it has historically moved less than the broad market.
This investment fund aims to mirror the performance, prior to fees and expenses, of a specific benchmark index. This index is designed to track companies worldwide that are poised to generate revenue from addressing or serving the obese population. These companies span various sectors, including biotechnology, pharmaceuticals, healthcare, and medical device firms primarily focused on obesity and its related health conditions. The index also includes businesses that provide weight loss programs, dietary supplements, or specialize in plus-sized apparel. The fund allocates a significant portion—at least 80% of its net assets—to the stocks that make up the Solactive Obesity Index. It is important to note that this is a non-diversified investment vehicle.
The Obesity ETF is most often compared with the following Financial Services names: