HTEC ETF

We are in a time where short, attention-grabbing pitches and promises of industry revolution are prevalent, especially in healthcare which attracts numerous visionaries.

This article looks at the initial index rebalance and reconstitution of 2024 for the ROBO Global Healthcare Technology and Innovation Index, which serves as the foundation for the $63 million ROBO Global Healthcare Technology and Innovation ETF (HTEC).

In this quarter's ROBO Global Healthcare Technology and Innovation Index spotlight, we take a look at Medpace Holdings (MEDP). The index underlies the $62.4 million ROBO Global Healthcare Technology and Innovation ETF (HTEC).

This is an exciting time for artificial intelligence and robotics stocks, with many companies reporting and some major news announcements. This week, for the Disruptive Theme of the Week, I reached out to VettaFi's Senior Research Analyst, Zeno Mercer, for an update on the latest developments in AI and robotics.

On this episode of “What Makes That Ticker Tick,” VettaFi CMO Jon Fee spoke with Zeno Mercer, a senior research analyst at VettaFi to discuss the ROBO Global Healthcare Technology and Innovation Index.

The ROBO Global Healthcare Technology and Innovation Index (HTEC) has underperformed compared to the equity market this year. At the time of writing on June 20th, 2023, the HTEC index is up +4.5% YTD vs MSCI World Index +8.4% and S&P 500 +14.8%.

In a world where the number of people needing healthcare is growing faster than the number of people who can provide their care, adopting new technology is more imperative than ever. This bodes well for the robotic-assisted surgery (RAS) industry, which remains largely underpenetrated, with significant investment upside.