Janus Capital launched a couple new exchange traded funds (ETFs) in Thursday’s trading session that address investors’ desire to invest in health-related stocks. Now these are not the health care stocks per se, but they incorporate specialized fields that do address health and well-being.
As medicine continues to advance, people are living longer, and this increasing longevity is lifting demand across the long‐term care industry. Janus Capital premiered the Long‐Term Care ETF (NASDAQ: OLD), which seeks exposure to companies globally that are positioned to profit from owning or operating senior living facilities, specialty hospitals, providing nursing services and biotech companies for age‐related illnesses.
By 2050, the U.S. population aged 65 or more is expected to almost double to 83.7 million, while those aged 85 or more will increase four times to 19 million. With 10,000 boomers set to retire every day in the United States through 2030, one in four 65‐year‐olds can expect to live until at least 90, with the result that the $132 billion U.S. nursing care facilities industry will need 1.2 million more employees by 2025.
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On the other end of the spectrum, there is an increasing passion for fitness, which implies the global population is consuming more from companies that serve health needs. The Health and Fitness ETF (NASDAQ: FITS) seeks exposure to companies in nutrition, sports apparel, fitness technology and equipment, and the health club industries, which are poised to take advantage of the growing trend.
Since 2008, U.S. health club memberships have climbed almost 19% annually, taking revenues to $24.2 billion in 2014. Sales of fitness trackers and other wearable technologies may double to $5.4 billion by 2019, while revenue from footwear and other sports apparel has grown at a 42% pace over the past seven years.
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