MEDX
Horizon Kinetics Medical ETF
📎 Investment Objective
The Horizon Kinetics Medical ETF (MEDX) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Horizon Kinetics Medical Index.
Overview
ETF tracking Horizon Kinetics Medical ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Horizon Kinetics Medical ETF (MEDX) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Horizon Kinetics Medical Index.
🎯 Investment Strategy
The ETF invests in a portfolio of companies that are engaged in the medical and healthcare sectors, including pharmaceutical, biotechnology, medical device, and healthcare services companies. The fund seeks to track the performance of the underlying index, which is designed to provide exposure to companies that Horizon Kinetics believes are positioned to benefit from long-term healthcare industry trends.
✨ Key Features
- Provides exposure to a diversified portfolio of healthcare and medical companies
- Seeks to track the performance of the Horizon Kinetics Medical Index
- Low expense ratio of 0.00%
- Relatively new ETF with limited performance history
⚠️ Primary Risks
- Sector concentration risk: The fund's focus on the healthcare and medical sectors means it may be more volatile than a more diversified fund
- Lack of performance history: As a new ETF, it has limited track record to evaluate its long-term performance
- Market risk: The value of the fund's holdings may decline due to general market and economic conditions
- Liquidity risk: The fund may have difficulty trading certain holdings due to low trading volume
👤 Best For
The Horizon Kinetics Medical ETF may be suitable for investors seeking exposure to the healthcare and medical sectors as part of a diversified portfolio. It may be particularly appealing to investors with a long-term investment horizon who are comfortable with the risks associated with sector-focused funds.