This currency hedged ASX traded ETF aims to track the Nasdaq ex-Australia Healthcare Hedged AUD index – the fund’s current top 3 holdings of the ETF are United Health Group (UNH US), Johnson & Johnson (JNJ US ) and Pfizer (PFE US) and they make up ~21% of its exposure. Moving forward we prefer the healthcare sector over tech due to its more defensive nature.
- While Healthcare is a growth sector similar to tech we see far more upside & less risk from current levels, especially if we are correct on bond yields.
- This view coincides with our recent purchase of HCA Healthcare (HCA US) for the MM International Portfolio.
MM’s is looking to switch into DRUG ETF from the NDQ ETF over the coming week (s)
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