Healthcare ETF Survey: U.S. Edges Global Alternatives
Tuesday, February 2nd, 2010Don Dion submits:
Healthcare was one of the best performing sectors in January and continues to look strong in both long term and short term momentum. Among the many healthcare ETFs, investors should consider iShares Dow Jones U.S. Healthcare Sector Index Fund (IYH) as their best option, with iShares Dow Jones U.S. Medical Devices (IHI) second.
In the month of January, IYH outperformed the market, losing only 0.7% while the S&P 500 declined by 3.6%. The second best performing healthcare ETF was IHI, which only lost about 1.3% on the month. Interestingly, IHI and IYH are U.S. focused healthcare ETFs and global healthcare ETFs did not fare as well in January as the domestics.
