XHE - XHE: Could Benefit From Rotation And Catch-Up Against Broader Healthcare
2024-03-07 06:39:51 ET
Summary
- The SPDR S&P Health Care Equipment ETF is a potential investment option for diversifying within the healthcare sector.
- XHE employs a modified equal-weighted index strategy, providing exposure to large, mid, and small-cap stocks in the healthcare equipment space.
- XHE has been an underperformer compared to other healthcare ETFs, but its unloved status may present momentum potential.
While the spotlight in the Healthcare sector currently shines brightly on a handful of pharmaceutical companies specializing in weight loss, I think there's a shift coming to sub-sectors that haven't benefited as much from the bull market. If you agree, the SPDR® S&P Health Care Equipment ETF ( XHE ) is worth looking at. This ETF aims to mirror the performance of the S&P Health Care Equipment Select Industry Index, which itself is created to reflect the dynamics of the healthcare equipment space within the broader S&P Total Market Index (TMI). This includes key sub-industries like Healthcare Equipment and Healthcare Supplies, making it a potentially valuable consideration for investors looking to diversify within the healthcare sector....
XHE: Could Benefit From Rotation And Catch-Up Against Broader Healthcare