HealthShares(TM) Announces Change to the HealthShares(TM) Diagnostics Index
July 27 2007 - 1:40PM
PR Newswire (US)
NEW YORK, July 27 /PRNewswire/ -- HealthShares(TM) Inc., an
investment company with a series of 20 underlying fund portfolios,
today announced it has been informed by Standard & Poor's, the
calculating agent for the HealthShares(TM) Diagnostics Index, that
effective at the opening of trading on Monday July 30, 2007, CR
Bard Inc. (NYSE:BCR) will replace Digene Corp. (NASDAQ:DIGE) in the
HealthShares(TM) Diagnostics Index. QIAGEN N.V. (NASDAQ:QGEN)
acquired all the outstanding shares of Digene Corp. Companies
included in the Diagnostics Index are engaged in the identification
of the existence and extent of a disease, the visual localization
of a disease by way of imaging, the selection of therapeutic agents
appropriate for the disease wherever possible and the monitoring of
disease progression/therapeutic efficacy. 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 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 ETFs 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 unaffiliated entities. HSI 295 exp. 8/31/07
DATASOURCE: HealthShares Inc. CONTACT: Melissa Kanter of Edelman,
+1-212-704-8261, or , for XShares Web site:
http://www.xsharesadvisors.com/ http://www.healthsharesinc.com/
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