The stock market is not just a market for trading stocks, there are many kinds of assets that can be invested in the stock exchange. When we look at the stock market quotes, we may not be able to understand the meaning of the names of some of the underlying investments, such as healthcare ETFs, so do you know what healthcare ETFs mean?
What is the meaning of medical ETF?
Medical ETF is an index fund that tracks a medical index, the full name of which is Huabao CSI Medical ETF (512170), and ETF is the English abbreviation for Exchange Traded Open-Ended Fund, which is an open-end fund that can be listed and traded and is usually used to track a stock index, and the fund company will configure the assets of the ETF in accordance with the stocks within the index, so that the ETF's movements are highly consistent with the performance of the index.
The index tracked by the Medical ETF is the CSI Medical Index. The CSI Medical Index selects stocks listed in the medical and healthcare industry from the listed companies in Shanghai and Shenzhen, and selects stocks listed in the medical theme, such as medical devices, medical services, and healthcare informationization, as the sample stocks for the index, in order to reflect the performance of the stocks listed in the medical theme, and the code of the index is 399989.