MDEV
First Trust Indxx Medical Devices ETF
📎 Investment Objective
The First Trust Indxx Medical Devices ETF (MDEV) seeks to track the investment results of an index that is designed to measure the performance of companies involved in the medical devices industry.
Overview
ETF tracking First Trust Indxx Medical Devices ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Indxx Medical Devices ETF (MDEV) seeks to track the investment results of an index that is designed to measure the performance of companies involved in the medical devices industry.
🎯 Investment Strategy
The fund invests at least 90% of its net assets in the common stocks and depositary receipts that comprise the Indxx Global Medical Devices Index. The index is designed to provide exposure to global companies that are involved in the medical devices industry, including companies that develop, manufacture, market, and distribute medical devices.
✨ Key Features
- Provides exposure to the global medical devices industry
- Tracks an index designed to measure the performance of medical device companies
- Diversified portfolio of companies involved in the development, manufacturing, and distribution of medical devices
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Concentration risk as the fund is focused on the medical devices industry
- Exposure to global markets and currency fluctuations
- Potential volatility due to the nature of the medical devices industry
- Liquidity risk due to the small asset size of the fund
👤 Best For
This ETF may be suitable for investors seeking exposure to the global medical devices industry as part of a diversified healthcare or technology-focused portfolio. Investors should have a medium to long-term investment horizon and be comfortable with the risks associated with the medical devices sector.