“The iShares Global Healthcare ETF, or IXJ, gathered $215 million, its largest monthly inflow ever, on the heels of a flat June. And investors poured $38 million into the Vanguard Health Care ETF, known as VHT, after adding $33 million in June,” reports Bloomberg.
For healthcare ETFs, the good news is that the U.S. economy moving into the late-cycle phase, overall growth may slow and signs of an economic slowdown could pop up. Consequently, investors may also turn to defensive sectors that are less economically sensitive, such as health care.
Year-to-date, healthcare is the third-best sector in the S&P 500, trailing only technology and consumer discretionary.
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