Looking for Healthcare Exposure in Canada? Try This ETF

July 16, 2018



Attempting to invest in the health-care sector in Canada is a difficult task, due primarily to the fact that the country’s universal health-care system makes it impossible to invest directly in hospitals; insurance companies are limited to providing plans covering portions of health-care over and above what is covered by Medicare, making investing in such less an investment in health-care than in home, auto, casualty, or other insurance-related sectors.

Perhaps the only pharmaceutical company which is worth checking out is Valeant Pharmaceuticals Intl. Inc. (TSX:VRX)(NYSE:VRX), a firm which has rebounded somewhat of late, despite losing approximately 90% of its value from its peak a few years ago. The gamete of large multinational health-care firms in Canada is thus miniscule, forcing investors to look outside of Canada.

Finding options in this space thus usually involves picking global companies from the U.S. or Europe to add to one’s portfolio, given the scale and breadth of options from which to choose. A number of exchange traded funds (ETFs) are available to Canadian investors on the TSX with exposure to blue-chip firms.
For investors looking for dividend income along with growth, the ETF which is probably the best option for such investors is the Harvest Healthcare Leaders Income ETF (TSX:HHL).

The ETF has a monthly distribution, yielding nearly 9% annually, with a portfolio of 20 of the biggest healthcare companies in the world in the fund’s portfolio. Investors looking for serious long-term exposure in this space ought to consider this ETF first.

Invest wisely, my friends.


Original Link: https://www.baystreet.ca/etfs/287/Looking-for-Healthcare-Exposure-in-Canada-Try-This-ETF

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Disclaimer

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund(s) on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund(s) and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents.

Certain statements in the Harvest Blog are forward looking Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or  “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS.

FLS are not guarantees of future performance and are by their nature based on numerous assumptions, which include, amongst other things, that (i) the Fund can attract and maintain investors and have sufficient capital under management to effect their investment strategies, (ii) the investment strategies will produce the results intended by the portfolio managers, and (iii) the markets will react and perform in a manner consistent with the investment strategies. Although the FLS contained herein are based upon what the portfolio manager believe to be reasonable assumptions, the portfolio manager cannot assure that actual results will be consistent with these FLS.

Unless required by applicable law, Harvest Portfolios Group Inc. does not undertake, and specifically disclaim, any intention or obligation to update or revise any FLS, whether as a result of new information, future events or otherwise.

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