XShares Advisors announced today that it has released a new exchange traded fund (ETF) on the New York Stock Exchange. The HealthShares Orthopedic Repair (HHP) is the 19th publicly traded HealthShares ETF launched this year by XShares, according to the press release. Companies included in HHP are engaged in the manufacturing, distribution, and/or commercialization of medical devices, pharmaceuticals and/or regenerative medicine for the treatment of bone, cartilage, tendon, muscle, ligament, maxillofacial and dental elements, excluding periodontal and skin conditions or disorders.
While the HealthShares ETFs are narrowly focused, they provide another diversification option for your portfolio.
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