Healthcare stocks have been in a secular uptrend for some time, thanks to aging populations in developed markets around the world. While U.S. healthcare stocks receive most of the attention, investors may want to consider diversifying abroad instead to enhance their diversification and potentially increase risk adjusted returns.
The SPDR S&P International Health Care Sector ETF (IRY) offers this type of exposure in the form of an international sector ETF. With total net assets of $32.42 million, the ETF holds a diverse set of 258 equities in developed global markets outside of the U.S. Moreover, the ETF's 0.5% gross expense ratio makes the investment very reasonable.