Healthcare exchange-traded funds (ETFs) can be a safe and reliable way for investors to build long-term wealth.
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Healthcare is a diverse sector that is global in scope. There are many ETFs that give investors exposure to the entire medical field. However, there are also more targeted ETFs that provide investors with a narrower slice of the healthcare industry.
These specialty ETFs focus on areas ranging from genomics to certain diseases such as cancer and fast-growing sectors such as biotechnology. By focusing investments in a certain area of healthcare, investors can grow their wealth and give their portfolio a boost.
Specialty ETFs to Consider
The Global X Genomics & Biotechnology ETF (GNOM) is designed to provide exposure to companies advancing genomic science, including gene editing, sequencing, and genetic therapies. There is also the Tema Oncology ETF (CANC), an actively managed ETF designed to provide exposure to the global oncology (cancer) market.
The CANC ETF focuses on companies driving innovation in cancer treatments, diagnosis, and management. Lastly, investors should consider the iShares Biotechnology ETF (IBB) that tracks established, large-cap biotechnology companies and their stocks.
Below is a chart comparing these three ETFs. As one can see, each ETF has a high smart score of seven and provides investors with a reliable dividend in addition to strong share price appreciation.
