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XHE - IHI: Technological Advances Will Continue Carrying This High-Performing Medical ETF
SPDR S&P Health Care Equipment
2024-03-18 13:15:32 ET
Summary
iShares U.S. Medical Devices ETF has demonstrated the greatest long-term performance among peer funds and is uniquely postured for growth looking forward given its mix of top holdings.
Abbott Laboratories has made strong advances in heart monitoring with the Abbott Assert-IQ while Intuitive Surgical just received FDA approval for the da Vinci 5, a surgical robotics system.
Downsides for IHI compared to peer healthcare and medical device ETFs are its relatively high expense ratio, high valuation, and moderate volatility.