Healthcare providers and pharmaceuticals are the most compelling subsectors based on value and quality scores. PJP delivers attractive historical risk-adjusted returns compared to XLV and XPH. 10 healthcare stocks cheaper than their peers in December.
The Invesco Pharmaceuticals ETF (PJP) was launched on 06/23/2005, and is a smart beta exchange traded fund designed to offer broad exposure to the Health Care ETFs category of the market.
If you're interested in broad exposure to the Healthcare - Pharma segment of the equity market, look no further than the Invesco Pharmaceuticals ETF (PJP), a passively managed exchange traded fund launched on June 23, 2005.
| ARCA Exchange | US Country |
This investment vehicle is focused on the pharmaceutical sector, targeting the backbone companies of the industry in the United States. By dedicating at least 90% of its assets to securities within its underlying index, the fund ensures a high level of adherence to its core investment thesis. The underlying index itself is carefully composed of common stocks from leading pharmaceutical companies. These entities are deeply involved in critical areas such as research and development (R&D), manufacturing, and the sales or distribution of pharmaceutical and drug products. It's noteworthy that this fund opts for a non-diversified approach, emphasizing its concentrated investment in the pharma sector.
The fund's primary products and services revolve around its investment strategy in the pharmaceutical sector, encapsulated as follows: