HEAL

Global X Funds Global X HealthTech ETF

$29.76
+0.00%
Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The Global X HealthTech ETF (HEAL) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Health Care Technology Index.

Overview

ETF tracking Global X Funds Global X HealthTech ETF

Issuer Other
Inception Date 2020-07-30
Market Cap $47.0M
Average Volume N/A
Dividend Yield 0.03%
52-Week Range $25.59 - $33.52
VWAP $29.92

Performance

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Investment Summary

📎 Investment Objective

The Global X HealthTech ETF (HEAL) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Health Care Technology Index.

🎯 Investment Strategy

The ETF invests in companies that are positioned to benefit from long-term structural trends driving innovation in the health care technology industry, including advancements in areas such as digital health, telehealth, and medical devices.

✨ Key Features

  • Provides exposure to global companies involved in health care technology and innovation
  • Tracks the Solactive Health Care Technology Index, which is designed to measure the performance of companies that are positioned to benefit from long-term structural trends driving innovation in the health care technology industry
  • Invests in companies across developed and emerging markets
  • Relatively new fund with limited performance history

⚠️ Primary Risks

  • Concentration risk: The fund's investments are concentrated in the health care technology industry, which may be subject to greater volatility and risk than a more diversified portfolio
  • Foreign investment risk: The fund invests in non-U.S. companies, which may be subject to greater market, political, and economic risks
  • Emerging markets risk: Investments in emerging markets may be subject to greater volatility and liquidity risks
  • Lack of performance history: As a new fund, it has a limited track record to evaluate its long-term performance

👤 Best For

The Global X HealthTech ETF may be suitable for investors seeking exposure to the global health care technology industry and who have a higher risk tolerance and a longer-term investment horizon. Due to the fund's concentration in a specific industry and lack of performance history, it may be best suited for investors as a satellite or complementary holding within a diversified portfolio.