XShares Advisors Launches Additional HealthShares(TM) ETF
13 July 2007 - 11:37PM
PR Newswire (US)
NEW YORK, July 13 /PRNewswire/ -- XShares Advisors LLC, a financial
services company focused on the development and distribution of
innovative Exchange Traded Funds (ETFs), announced that
HealthShares(TM) Orthopedic Repair ETF (HHP) began trading today on
the New York Stock Exchange (NYSE). This will bring the total
number of publicly traded HealthShares(TM) ETFs to 19. The previous
18 HealthShares(TM) ETFs launched earlier this year on the NYSE.
HealthShares(TM) ETFs are organized into therapeutic 'Verticals'
and represent specific areas of the healthcare, life science and
biotechnology industries and geographic areas. Each Vertical tracks
a collection of large, mid and small-cap stocks that addresses a
distinct sub-segment of healthcare, such as the diagnosis and
treatment of specific therapeutic areas (e.g. cardiology, cancer,
infectious disease, etc.) and the development of medical devices
(e.g. orthopedic repair, cardio devices, etc.). Each
HealthShares(TM) ETF is comprised of 22 stocks, except the
HealthShares Composite which has 80 stocks, and tracks an index
that is based on a proprietary intellectual model, with well
defined quantitative parameters, developed by XShares Group LLC,
the parent of XShares Advisors LLC. Each Index composition
calculation is administered independently by Standard & Poor's
(S&P). The company has a substantial list of additional funds
in varying stages of creation, some of which use proprietary
indexes and others developed in concert with strategic partners.
Additional funds will be brought to market in the near future.
About HealthShares(TM) XShares Advisors LLC, a financial services
company based in New York, is the creator of the HealthShares(TM)
family of Exchange Traded Funds (ETFs). HealthShares(TM) ETFs are
organized into therapeutic 'Verticals' and represent specific areas
of the healthcare, life science and biotechnology industries. Each
Vertical addresses a distinct sub-segment of healthcare, such as
the diagnosis and treatment of specific therapeutic areas (e.g.
cardiology, cancer, infectious disease, etc.) and the development
of medical devices (e.g. orthopedic repair, cardio devices, etc.).
Each ETF tracks an index of 22-25 stocks and offers institutional
and individual investors a more precise financial instrument that
leverages the potential of healthcare investing while mitigating
the risks of single stock picking. For more information, visit the
company's website at: http://www.healthsharesinc.com/. About
XShares XShares Advisors LLC, a subsidiary of XShares Group LLC, is
a registered investment advisor that provides investment advisory
services to Exchange Traded Funds. XShares also partners with major
institutions and index providers seeking to bring innovative
Exchange Traded Funds to market using its administrative platform.
In addition, XShares creates and licenses distinctive intellectual
property for its ETFs, developing products that allow for
innovative trading strategies and alternative investments for the
financial community. For more information, visit the company's
website at http://www.xsharesadvisors.com/. -- An Investor should
consider the fund's investment objective, risks, charges and
expenses carefully before investing. For this and more complete
information about the fund call 800.925.2870 or visit the website
http://www.healthsharesinc.com/ for a prospectus. Please read the
prospectus carefully before investing. -- There are risks involved
with investing in ETFs including possible loss of money.
HealthShares(TM) are not actively managed and are subject to risks
similar to stocks, including those related to short selling and
margin maintenance. Losses from short sales may be unlimited, and
losses from purchases on margin may exceed original investment.
HealthShares(TM) ETFs are subject to increased risks associated
with investing in a specific sector compared to a more diversified
investment, as well as unique risks associated with the healthcare
and biotechnology sector (i.e., government regulation, patent
regulation, etc.). -- The ETF's face additional risks attributable
to their investments in small and medium capitalization companies
which are subject to higher volatility than larger, more
established companies. In addition, they are invested in a limited
number of securities and a decline in the value of these
investments would cause the fund's overall value to decline to a
greater degree than in a less concentrated portfolio. -- Global or
International Funds invest in foreign securities that will be
subject to certain risks not associated with domestic securities,
such as currency fluctuations, and changes in political and
economic conditions. The prospectus is not an offer to buy or sell
the portfolio shares, nor is the fund soliciting an offer to buy
its shares in any jurisdiction where the offer or sale is not
permitted. HealthShares(TM) Exchange Traded Funds are distributed
by ALPS Distributors, Inc. XShares Advisors LLC and ALPS
Distributors Inc. are not affiliated. DATASOURCE: HealthShares
CONTACT: Melissa Kanter of Edelman, +1-212-704-8261, , for XShares
Web site: http://www.healthsharesinc.com/
http://www.xsharesadvisors.com/
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