Presenting side by side health care services (managed health care, facilities and distributors) and devices (mainly equipment but also supplies), our theme draws the attention on
- the strong performance and low volatility of US devices related funds – relative to the health care service funds of the same ETF providers
- the outperformance – at the cost of higher volatility – of Invalid tag asset featuring a more diverse regional allocation (only approx.. 2/3 in North America)
- the lower performance of services related funds – albeit achieved with low volatility – which we believe to result from the combination of two quite distinct segments – Real Estate (by way of senior housing) and Health Care (pharmaceuticals, services) – affected by different market dynamics
Our ETF market sector themes present a cross-sectional view of equity trends – in terms of market coverage, size and style. We hope to achieve a fair coverage of ETFs in each category, which is a work in progress
We do not receive any commission or other form of compensation from the providers included in our 'Funds' presentation