About IYH ETF
BLACKROCK US HEALTHCARE ETF (IYH) tracks a cap-weighted index of pharmaceutical, biotechnology, health care services and equipment companies in the US. IYH represents the health care segment well holding more than 120 stocks.
A Prescription for Defense With Healthcare ETFs (IYH)
About the Fund Manager:
Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. IYH is a massive, highly liquid choice for investors looking for its specific exposure. The fund has higher holding costs than its peers, leading to higher fee but its tight tracking, massive AUM and deep liquidity makes it one of the choices in Healthcare segment. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
