For healthcare ETFs, the good news is that the U.S. economy moving into the late-cycle phase, overall growth may slow and signs of an economic slowdown could pop up. Consequently, investors may also turn to defensive sectors that are less economically sensitive, such as health care.
SEE MORE: Healthcare ETFs Ready to Rally
“Other key contributors to iShares U.S. Medical Devices are Thermo Fisher Scientific (TMO), which makes equipment for medical research, and Zimmer Biomet (ZBH), which just posted its strongest quarter of sales growth in nearly a decade. Becton Dickinson (BDX) had been trending higher, but fell sharply Thursday after it cut its full-year sales forecast, citing currency headwinds,” according to IBD.
For more information on Healthcare ETFs, visit our Healthcare category.
iShares U.S. Medical Devices ETF
