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Horizon Kinetics Medical ETF
MEDX (Horizon Kinetics Medical ETF) is an active Healthcare Equity ETF by Horizon. With a 0.85% MER, it provides diversified exposure through 29 holdings. Annual distribution with a 1.15% yield.
MEDX is actively managed by Horizon's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.85% MER reflects the costs of a more specialized management approach.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.