HANetf has launched an active ETF focused on investments in the US healthcare system in partnership with Harbor Capital.
The Harbor Health Care UCITS ETF will be the fourth active ETF launched by HANetf, as it endeavours to have the broadest range of active ETFs in Europe within six months.
The ETF will focus investments on the US healthcare system, recognising the rising healthcare costs and a need to shift towards value-based approaches. It will focus on themes in the healthcare sector such as gene therapy, targeted oncology, and liquid biopsy.
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Charlie McCain, CEO of Harbor Capital, said: “We are excited to be entering the European ETF market. Europe is the second largest regional market for ETFs, holding 16% of global ETF assets under management (AUM).
“Working with HANetf provides us with a simple solution to bring our investment capabilities and brand into the European ETF market – all with an eye on remaining cost-effective, timely to market, and able to benefit from a pre-established distribution network across Europe.”
In addition to the Harbor Health Care ETF, HANetf holds the Global Balanced fund UCITS ETF, Guinness Sustainable Energy UCITS ETF and Saturna AI-Kawthat Global Focused Equity UCITS ETF in its active range.
The Harbor ETF will be run by Westfield Capital Management, an SEC-registered investment adviser with $21bn AUM.
Matthew Renna, managing partner and portfolio manager, said: “We are excited to build upon the long-standing partnership with Harbor Capital and to be starting this new relationship with HANetf to provide European investors a pure play Health Care investment option. WELL seeks to leverage Westfield Capital’s tenured team and process to identify the best secular growth stories within each subsector of healthcare.
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“Market and sector volatility over the last few years have presented compelling investment opportunities in some of the highest quality businesses in US healthcare, and we are seeing value in many companies, whose products, technologies, and services offer solutions to all stakeholders within the healthcare ecosystem. We believe that the convergence of innovation and value-based care within the sector should drive above market shareholder returns over the next decade.”
Hector McNeil, co-founder and co-CEO of HANetf, added: “The healthcare sector is dynamic and rapidly growing. Every day, new innovations are being made, and new technologies are being deployed. We believe that there is a significant long-term growth story here, and Westfield Capital Management’s expert research team are seeking to capture it with their research-driven approach to active management.”
