QED International Associates Announces Changes to the HealthShares(TM) Composite, and the HealthShares(TM) Diagnostics Indexes
November 06 2007 - 5:01PM
PR Newswire (US)
NEW YORK, Nov. 6 /PRNewswire/ -- QED International Associates Inc.,
administrator for the HealthShares(TM) Exchange-Traded Funds, a
series of 20 underlying fund portfolios, today announced that
effective at the opening of trading on Thursday November 8, 2007
Given Imaging, Ltd. (NASDAQ:GIVN) will replace Dade Behring
Holdings, Inc. (NASDAQ:DADE), in the HealthShares(TM) Diagnostics
Index, and Inverness Medical Innovations (AMEX:IMA) will replace
DADE in the HealthShares(TM) Composite Index. Dade Behring is being
acquired by Siemens, Inc. Companies included in the
HealthShares(TM) Diagnostics Index engage in 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 22-25 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 QED
International Associates QED International, based in New York, is a
leading financial industry consulting firm specializing in
quantitative modeling and the design, development and maintenance
of indexes and Exchange Traded Funds. For more information, visit
the company's website at http://www.qedinternational.com/ Contact
Information For QED International: Ed Matluck, CEO Michael Carty,
Senior Advisor Senior Vice President (212) 953-4058 DATASOURCE: QED
International Associates Inc. CONTACT: Ed Matluck, CEO, or Michael
Carty, Senior Advisor, Senior Vice President, +1-212-953-4058, Web
site: http://www.healthsharesinc.com/
http://www.qedinternational.com/
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