MDGL - Simplify Propel Opportunities ETF: Healthcare Likely To Rise Again In FY24 And Beyond

2024-04-22 11:18:39 ET

Summary

• The Simplify Propel Opportunities ETF (SURI) is a healthcare-based fund that provides exposure to global fixed income and equity markets in the healthcare sector.
• SURI has a since-inception return of -13%, but its recent performance has shown potential for growth.
• The fund offers a near-13% yield from its distributions, making it an attractive option for investors looking for fixed-income plays in the healthcare sector.

The Simplify Propel Opportunities ETF ( SURI ) is a healthcare-based fund that gives investors exposure to fixed income and equity markets around the world focused not only on core healthcare plays such as pharma and biotech but also equipment, technology, and related services. Healthcare has long been considered to be a defensive sector. Looking at the much, much larger Health Care Select Sector SPDR® Fund ETF ( XLV ), it clearly shows attractive price returns. Over the past five years the fund has returned around 62% for a CAGR of a little over 10%. SURI itself hasn’t done that well, with a since-inception return of -13%, but such sector equity ETFs aren’t really long-term plays; rather, they’re excellent investment vehicles only when their corresponding sector is in an upcycle phase of that sector within the overall market....

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