Principal Healthcare Innovators ETF Price & Performance (BTEC)

Credit Agricole has announced it will fully redeem GBP103.3 million in outstanding undated subordinated notes on June 28, 2025. The move follows the expiration of regulatory grandfathering, which means these notes will no longer qualify as Additional Tier 1 capital, prompting a capital event and full repayment at par value.1

Global X has rebranded two of its ETFs and updated their underlying indices to incorporate momentum-based strategies through a new partnership with Nasdaq Dorsey Wright. The changes aim to offer investors more dynamic exposure to emerging trends, shifting from revenue growth selection to a relative strength methodology.23

Bellevue Diversified Healthcare Fund underperformed its benchmark by 107 basis points over the past year, largely due to a focus on innovative healthcare firms. While healthcare services outperformed, biotech and medtech lagged, reflecting sector rotation and regulatory headwinds. Broader healthcare utilization remains robust, supporting long-term fundamentals.4