Vanguard health-care ETF sees record trading as Big Pharma soars
An exchange-traded fund is benefiting from the current hot market for drugmakers.
By Carolina Wilson|August 21, 2018 at 01:09 PM
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(Bloomberg) –A boom in major U.S. pharmaceutical stocks is creating a swarm of activity around an exchange-traded fund tracking the massive drugmakers.
The $8.2 billion Vanguard Health Care ETF, known by its ticker VHT, had 1.6 million shares worth $272 million trade Monday, record one-day turnover for the fund. It also hasn’t seen a day of outflows in August, with $145 million of net inflows putting the ETF on track for its best month since June 2017.
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