What does SPDR® S&P Health Care Equipment ETF do?
SPDR® S&P Health Care Equipment ETF (NYSEARCA:XHE) is a sector-focused exchange-traded fund (ETF) that aims to replicate the performance of the S&P Health Care Equipment Select Industry Index. This fund invests primarily in U.S. companies engaged in the health care equipment sector, covering a wide array of products such as medical devices, diagnostic tools, and surgical equipment. The objective of XHE is to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Health Care Equipment Select Industry Index. Through its investments, SPDR® S&P Health Care Equipment ETF offers investors exposure to the health care equipment segment of the U.S. stock market, seeking to capitalize on the growth potential of companies improving or innovating within the realm of health care technology and services.