iShares launch US medical devices ETF

Abbott Laboratories among 50 holdings

iShares has launched an ETF focusing on medical device manufacturers in the US to provide a targeted approach to healthcare investing.

The iShares US Medical Devices UCITS ETF (UMDV) offers investors exposure to a "broad range of US companies involved in the manufacturing and distribution of medical devices" and is available for a total expense ratio of 0.25%. BlackRock launches ultra-short ESG bond ETFs It tracks the Dow Jones US Select Medical Equipment Capped 35/20 index, which is comprised of companies in the US Healthcare GICS sector, capped to "ensure diversification" within the index. The ETF debuted with approximately 59 holdings, of which the largest, Abbott Laboratories and Thermo Fisher Scientific, cons...