The health care sector has been on fire in 2014, as investors continue to bet on the development of new drugs and increased need for medical services.
On Tuesday, the pharmaceuticals industry received a vote of confidence, after both Pfizer Inc (NYSE: PFE) and Merck & Co. (NYSE: MRK) reported better-than-expected earnings. Both stocks moved higher on this positive news and in turn provided a tailwind for several ETFs that have core exposure to this group.
The Market Vectors Pharmaceutical ETF (NYSE: PPH) provides exposure to 25 of the largest and most liquid U.S.-listed pharmaceutical companies. Both PFE and MRK are in the top holdings of this fund, ...
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