What does SPDR® S&P Health Care Services ETF do?
SPDR® S&P Health Care Services ETF (NYSE:XHS) focuses on the healthcare sector, specifically targeting the services side which includes a range of companies from healthcare providers to medical services firms. As an exchange-traded fund (ETF), it aims to replicate the performance of the Health Care Services Select Industry Index, investing in stocks that constitute the index, thereby providing investors diversified exposure to the healthcare services industry. The objective of XHS is to mirror the investment results of the Health Care Services sector of the S&P Total Market Index, capitalizing on the growth potentials and innovation within this sector. Through this strategy, it offers shareholders an opportunity to tap into the healthcare industry's dynamic evolution and long-term growth prospects, leveraging the industry's resilience and ongoing advancements in healthcare technologies and services.