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First Trust Indxx Global Medical Devices ETF
MDEV (First Trust Indxx Global Medical Devices ETF) is an active Healthcare Equity ETF by First. With a 0.70% MER, it provides diversified exposure through 14 holdings.
MDEV is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.70% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.