Thematic exchange-traded funds are consistently popping up among this year's crop of new ETFs. Janus Capital Group Inc (NYSE: JNS) added to that group of rookie ETFs Thursday in significant fashion, introducing four ETFs targeting the aging, health and wellness and obesity trends.
FITS
The Health and Fitness ETF (NASDAQ: FITS) follows the Solactive Health and Fitness Index. FITS is arguably a consumer discretionary ETF in disguise as that sector accounts for over 91 percent of the new ETF's weight.
FITS allocates 19.6 percent of its weight to Dow component Nike Inc (NYSE: NKE) with Lululemon Athletica inc. (NASDAQ: LULU), Under Armour Inc (NYSE: UA) and Herbalife Ltd. (NYSE: HLF) also among the ETF's top 10 holdings.
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The aptly-tickered ...
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