[TOP STORY] Satrix to launch new healthcare ETF

SIMON BROWN: I’m chatting now with Kingsley Williams, the CIO at Satrix. They’ve got a new healthcare ETF, [the Satrix Healthcare Innovation Feeder ETF] currently an IPO listing later in the month. Kingsley, I appreciate the early morning time. A healthcare ETF – the story for healthcare is in one sense simple, and in the other sense compelling.

SIMON BROWN: It’s a giant, healthcare. I think we often just sort of think of drug manufacturers, we think of hospitals and of course the practitioners, but there’s a whole lot more to it. Of course there’s biotech, there’s the equipment side, which is a fairly chunky sector within the healthcare space – and those are everything from MRI scanners to hospital beds.

SIMON BROWN: And [the underlying] index: I was looking at the details around it and composition by country – it’s just over 70% in the US. I want to come back to that in a second. What surprised me was South Korea second, Switzerland, Belgium all floating around the sort of 3.5% to 5%. My sense around America at 70.8% – that is really where the compan[ies are] registered more than anything else – for example, Pfizer.

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