One Of The Best Performing ETFs Of The Last Decade Is In A Buy Zone Right Now
Portfolio Pulse from Cory Mitchell
The iShares U.S. Medical Devices ETF (NYSE:IHI) has been one of the best-performing ETFs over the last decade, with a gain of more than 330%. After a 31% decline in 2022, the price is recovering and setting up for another potentially bullish long-term move. Healthcare has been outperforming most other sectors, and the ETF has a good reward-to-risk ratio.
May 24, 2023 | 3:19 pm
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The iShares U.S. Medical Devices ETF (IHI) is in a buy zone after a 31% decline in 2022. With a potentially bullish long-term move, healthcare outperforming other sectors, and a good reward-to-risk ratio, it may be a good purchase.
The article highlights IHI's strong historical performance, with a gain of more than 330% over the last decade. It also mentions that healthcare has been outperforming most other sectors, and the ETF has a good reward-to-risk ratio. These factors, combined with the price recovery after a 31% decline in 2022, suggest a potentially bullish long-term move for IHI, making it a good purchase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100