(IHI) iShares U.S. Medical - Ratings and Ratios

The iShares U.S. Medical Devices ETF (IHI) is designed to replicate the performance of the Dow Jones U.S. Select Medical Equipment Index. This index is tailored to measure the performance of companies within the medical equipment sector in the U.S. equity market, as defined by S&P Dow Jones Indices LLC. The fund offers exposure to a diverse range of medical equipment companies, including those involved in manufacturing and distributing critical devices such as MRI scanners, prosthetics, pacemakers, X-ray machines, and other non-disposable medical devices.

As a non-diversified fund, IHI has the flexibility to concentrate its investments in a smaller number of securities, which can be beneficial for investors seeking targeted exposure to the medical devices sector. The fund is domiciled in the United States and is listed on the NYSE ARCA exchange. It is managed by BlackRock, Inc., a global leader in asset management, and provides investors with a cost-effective way to gain exposure to the medical devices industry.

With substantial assets under management totaling $5.167 billion, IHI is a significant player in the ETF landscape. The funds focus on the medical devices sector makes it an attractive option for investors looking to capitalize on the growth driven by an aging population, technological advancements, and increasing healthcare expenditure. The funds structure allows it to track the performance of its underlying index closely, providing investors with a reliable tool for accessing this dynamic sector.