PureFunds ETFx HealthTech ETF Officially Launches

Major Money Raised for Low IncomeOn Wednesday, ETF Managers Group in partnership with PureFunds, debuted their newest fund — the PureFunds ETFx HealthTech ETF (IMED).

Trading on the Nasdaq, IMED invests in companies that are providing new solutions and transformative technology to the healthcare and medical industries.

All of its 60 constituents are engaged in healthcare informatics, medical instruments and/or medical appliances, an announcement shared with MHW reads.

“IMED’s key differentiator is an investment thesis around the premise that companies successfully practicing interdisciplinary convergence may lead in their respective markets,” Andrew Chanin, CEO of PureFunds, said. “We believe that we are in the early phases of the era of convergence in the broader healthcare technology segment and on the cusp of transformative solutions coming to market. As an example, the next phases of healthcare informatics will leverage areas as diverse as nanotechnologies, advanced sensors, predictive big data analytics, cloud computing and virtual reality to bring about yet another paradigm shift to cut costs and boost operational efficiencies. IMED is intended to serve as a vehicle for investors to gain exposure to this highly innovative, technology-driven slice of the broader healthcare sector.”

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