iShares Global Healthcare Index ETF (CAD-Hedged) (XHC.TO) TSX

67.53

+0.58(+0.87%)

Updated at October 20 03:58PM

Currency In CAD

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iShares Global Healthcare Index ETF (CAD-Hedged)

Address

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management - Global

Employees

N/A

First IPO Date

January 24, 2012

Key Executives

N/A

Description

The fund offers marketlike exposure to global pharmaceutical, biotechnology, and medical device companies. The underlying index is selected and weighted by float-adjusted market-cap. It pulls from the S&P Global 1200 universe, which effectively screens out small-caps, giving the fund a large-cap tilt. Aside from that, geographic and sector weights look neutral and make it a viable entry-point to global healthcare. The underlying index is hedged to Canadian dollars on a monthly basis. XHC will mainly invest in one or more iShares ETFs that reflects the underlying index exposure.