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.
Investment Thesis
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IHI: Technological Advances Will Continue Carrying This High-Performing Medical ETF