The iShares Global Healthcare ETF (NYSE ARCA:IXJ) is an exchange-traded fund that primarily invests in a diversified portfolio of healthcare companies from around the world. At least 80% of its assets are allocated to securities that closely track its underlying index, which is designed to measure the performance of the global healthcare sector.
The fund's underlying index is composed of companies that are deemed to be significant players in the healthcare industry, including pharmaceuticals, biotechnology, medical devices, and healthcare services. By tracking this index, the ETF provides investors with exposure to a broad range of healthcare companies, allowing them to tap into the growth potential of this vital sector.
In addition to its core holdings, the ETF may also invest up to 20% of its assets in derivatives, such as futures, options, and swap contracts, as well as cash and cash equivalents. This flexibility allows the fund to manage risk, optimize returns, and maintain liquidity.
As a US-domiciled fund, the iShares Global Healthcare ETF is listed on the NYSE ARCA exchange under the ticker symbol IXJ. For more information, investors can visit the iShares website at http://www.ishares.com.