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T. Rowe Price Health Care ETF posts strong returns with active stock picks

The actively managed TMED charges a 44-basis-point fee and targets 100 to 150 health care stocks, primarily in the MSCI GICS health care sector.

Reported · Written up by our desk · ETFs

Sector exchange traded funds are increasingly using active management to try to improve on the performance of traditional passive sector approaches, according to ETF Trends.

The T. Rowe Price Health Care ETF, TMED, charges a 44-basis-point fee to invest actively in health care stocks globally, spanning pharmaceuticals, biotech, and health care services.

TMED uses a bottom-up approach that combines growth and value to identify about 100 to 150 stocks, with holdings primarily focused on the MSCI GICS health care sector, and it benchmarks against the S&P Health Care Select Sector Index.

ETF Trends highlighted that TMED has returned about 19.0% year to date and 49.1% over the past 12 months, outperforming its benchmark, which returned 8.0% year to date and 28.2% over the last 12 months per ETF Database data.

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