— Bespoke (@bespokeinvest) November 21, 2013
Also on the list of Thursday’s new highs is the First Trust Health Care AlphaDEX Fund (NYSEArca: FXH), which uses a smart beta approach. That recipe has worked as FXH is now up more than 43% this year. [8 Overlooked Smart Beta ETFs]
Of the broad market ETFs hitting new highs Thursday, several have significant weights to the health care sector. The PowerShares Dynamic Large Cap Value Portfolio (NYSEArca: PWV) has a 15.4% allocation to the sector, which is overweight by 230 basis points compared to the S&P 500’s health care weight. The Guggenheim S&P 500 Pure Value ETF (NYSEArca: RPV), up 41.1% and also in the new all-time high club, has a weight of nearly 12% to the healthcare sector.