MDEV Profile
The First Trust Indxx Global Medical Devices ETF seeks to provide investors with exposure to a broad range of companies involved in the medical devices industry. This ETF primarily invests in common stocks and depositary receipts of firms that are part of the index, which includes both U.S. and international companies engaged in the development, production, and distribution of medical devices and equipment. The fund’s objective is to mirror the performance of the index, which reflects the diverse spectrum of the global medical devices sector.
Under normal market conditions, the fund allocates at least 80% of its net assets to securities that are components of the underlying index. This ensures that the fund maintains a high degree of correlation with the index's performance. The index is meticulously curated by the index provider to include firms that are integral to the medical devices industry, encompassing a range of subsectors from diagnostic equipment to therapeutic devices and surgical instruments.
The ETF’s strategy focuses on investing in a diversified portfolio of medical device companies, offering exposure to key players and emerging innovators in the industry. By including both U.S. and non-U.S. companies, the fund aims to capture growth opportunities across global markets. This diversification helps to mitigate risk while seeking to provide investors with access to the dynamic and evolving medical devices sector.
As a non-diversified fund, it may have a higher concentration in specific sectors or regions compared to more broadly diversified funds. Investors looking for targeted exposure to the medical devices industry may find this ETF attractive for its potential to deliver returns that reflect the performance of leading companies in this specialized field. The fund is designed for those seeking to invest in the healthcare sector, particularly in companies that are at the forefront of medical technology and innovation.
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