Overview
Description
iShares U.S. Medical Devices ETF is a type of exchange-traded fund designed to provide investment results that closely correspond to the performance of an index composed of U.S. equities in the medical devices sector. This ETF aims to give investors broad exposure to U.S. companies involved in the innovation, manufacture, and distribution of medical devices, spanning a diverse range of products including surgical instruments, pacemakers, and diagnostic equipment. It impacts sectors such as healthcare, technology, and manufacturing, reflecting the dynamic and growing field of medical innovation. Created and managed by iShares, one of the world's leading asset management firms, the U.S. Medical Devices ETF plays a significant role in offering investors exposure to the high-growth potential of the healthcare industry, leveraging advances in medical technology and the increasing demand for healthcare products and services. This ETF enables individual and institutional investors to gain diversified access to the evolving medical devices industry without having to select individual stocks, thereby managing risk while seeking performance aligned with healthcare sector trends.
About
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Instrument type
ETF
Country
Switzerland
MIC code
XSWX