TMO - iShares U.S. Medical Devices ETF Is Richly Valued
ETF Overview
iShares U.S. Medical Devices ETF (IHI) owns a portfolio of large-cap medical devices stocks. The ETF is a nice defensive choice as demands for healthcare devices are less impacted in an economic recession. Stocks in IHI’s portfolio should benefit from an ageing population in the world. In addition, the advancement of technology and the implementation of AI should bring significant growth in the industry. Despite a long runway of growth ahead, most stocks in IHI’s portfolio are currently overvalued. Therefore, investors may want to wait on the sidelines until a better