New Index of Pet and Animal Care Companies
The accompanying table provides statistics and the top 25 rated companies in the ETF Innovators (ETFI)Global Animal Biz Index, which outpaced the overall market and benchmark ETFs such as Market Vectors Agribusiness (MOO), Healthcare Sector SPDR (XLV), and iShares S&P Global Healthcare (IXJ) over the past year.
The index includes companies active in the following business segments: animal breeding, veterinary services, pet retailers, animal feeds/nutrition, and veterinary medicines/diagnostics. Some top rated companies which have U.S.-listed stocks include Neogen (NEOG), PetMed Express (PETS), Balchem (BCPC), and Idexx Labs (IDXX).
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This article has 2 comments:
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Allah
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31 Comments
Dec 05 11:00 PM-
mikehav
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64 Comments
My Website
Dec 06 09:45 AMwww.etftrends.com/2008...
Also, there are favorable growth trends in the animal & pet care industry and the potential for buyouts of the smaller companies by big pharma companies with animal health divisions such as SGP & PFE, but I am sure you know all of this based on the extensive research required for such a comment -- "is it just me or does this seem a bit ridiculous" --
Domestically, pet spending for 2008 is estimated to be about $43.4 billion, up from $23 billion in 1998.
The worldwide market for animal healthcare, excluding bulk feed and nutrition products, is expected to reach just under $20 billion in 2008, experiencing growth of 26% from a level of $15.6 billion in 2003.