The combination of a middling Process Pillar rating and a Low People Pillar rating limit  Global X Telemedicine & Digital Hlth ETF to a Morningstar Medalist Rating of Neutral.  The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.  

 The team managing the passive strategy earns a Low People Pillar. The strategy earns an Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained a substantial overweight position in liquidity exposure and has an overweight in volatility exposure compared with category peers. High liquidity exposure is attributed to stocks with a high trading volume, lending managers more flexibility. And high volatility exposure is rooted in stocks that have a higher standard deviation of returns. The strategy's parent organization earns the firm an Average Parent Pillar rating, and this rating is inherited from vehicles belonging to the same branding entity and is indirectly assigned by an analyst.

Analyst Rating

Masimo

iRhythm Technologies

DexCom

Tandem Diabetes Care

Agilent Technologies

Oscar Health

Doximity

Illumina

R1 RCM Inc

Twist Bioscience Corp

Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category index on a risk-adjusted basis over the long term. Global X Telemedicine & Digital Hlth ETF earns an Average Process Pillar rating. The main driver of the rating is that this fund tracks an index. Historical data, like Morningstar's Active/Passive Barometer, finds that passively managed funds have generally outperformed their active counterparts, especially over longer time horizons. 

The investment strategy as stated in the fund's prospectus is:  The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Telemedicine & Digital Health Index.  The index is designed to provide exposure to exchange-listed companies that are positioned to benefit from further advances in the field of telemedicine and digital health, as well as applications thereof (collectively, "Telemedicine & Digital Health Companies"), as defined by Solactive AG, and the provider of the index. The Adviser uses a "passive" or indexing approach to try to achieve the fund's investment objective. The fund is non-diversified. 

 The portfolio is overweight in consumer defensive by 3.6 percentage points in terms of assets compared with the category average, and its financial services allocation is similar to the category. The sectors with low exposure compared to category peers are healthcare and basic materials, with healthcare underweighting the average portfolio by 3.7 percentage points of assets and basic materials similar to the average. The portfolio is positioned across 40 holdings and is quite concentrated. Specifically, 47.1% of the fund’s assets are housed within the top 10 holdings, as opposed to the category’s 38.7% average. And in closing, in terms of portfolio turnover, on a year-over-year basis, 30% of the fund's holdings have changed, whether through increasing, decreasing, or changing a position.

Average

Process

Global X’s team receives a Low People Pillar rating. The most important factor influencing the rating is the parent firm's five-year success ratio of 30%. The measure indicates the percentage of a firm's funds that survived and beat their respective category's median return for the period. The parent's relatively low success ratio suggests that the firm could do better across its fund lineup. The parent firm's five-year retention rate of 67% also holds the team back. The experience of the management team, which averages four years at this fund, detracts from the rating as well.

People

Mirae Asset Global Investments is a Korean asset manager and a key player in the Asian financial market. It is a wholly owned subsidiary of Mirae Asset Financial Group, founded by Hyeon Joo Park. Park’s leadership and entrepreneurial spirit have been the driving force behind the global rise of Mirae, and he holds a majority stake in the business. 
Mirae Asset has grown significantly over the years (USD 198 billion as of December 2022) across a diversified platform, of which about 60% of assets are managed in South Korea. We believe that Mirae’s core mutual fund business in the Asia-Pac region is relatively strong. It has a collaborative structure, a strong and large investment team, low manager turnover, competitive fees, and a disciplined approach to product-development pointing toward better stewardship practices relative to peers in these markets. However, this is in stark contrast to its exchange-traded fund business, which accounts for 41% of the total assets. 
The firm’s ETF lineup focuses largely on high-risk thematic strategies that seem gimmicky, emphasizing short-term asset-gathering. The firm appears to leverage trending topics such as robotics and artificial intelligence, virtual reality and gaming, and cloud computing. There’s a notable concern regarding the potential liquidation of these funds since they seem to be designed around investment fads. Furthermore, these products are often expensive, especially compared with broadly diversified index funds and ETFs. Unsurprisingly, Mirae's reflexive product-development strategy has led to an increase in fund closures.
Our experience engaging with the MAGI team to gather critical information for the parent assessment has not been as positive. It hasn’t been as transparent in its disclosures, and unlike its peers, its responsiveness has been inadequate. We prefer firms with a more transparent corporate culture. Overall, these actions hold us back, and the firm retains its Parent Pillar rating of Average.

Parent

Global X Telemedicine & Digital Health ETF

EDOC tracks a market-cap weighted index of companies in the global health care industry with high exposure to telemedicine & digital health.

Hims & Hers Health

LifeMD 

With the growing demand for telemedicine, the market could be worth about $450 billion by the time 2032 rolls around. That's according to Emergen Research.

3 Stocks That Could Benefit from the Rise of Telemedicine

ARK Genomic Revolution Multi-Sector ETF

ARK Innovation ETF

Amplify Lithium & Battery Technology ETF

Proshares Bitcoin & Ether Strategy Etf

ProShares Bitcoin Strategy ETF

Global X Blockchain ETF

Amplify Transformational Data Sharing ETF

Bitwise Bitcoin And Ether Equal Weight Strategy Etf

VanEck Vectors Digital Transformation ETF

Dimensional US Core Equity 2 ETF

Global X Funds - Global X E-commerce ETF

Vaneck Ethereum Strategy Etf

Amplify Emerging Markets FinTech ETF

AB Disruptors ETF

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

The Goldman Sachs Future Tech Leaders Equity ETF

ROBO Global Healthcare Technology and Innovation ETF

Amplify Online Retail ETF

iShares Genomics Immunology and Healthcare ETF

Pacer Benchmark Industrial Real Estate SCTR ETF

JPMorgan Equity Premium Income ETF

Global X Lithium & Battery Tech ETF

Proshares Online Retail ETF

Global X PropTech ETF

Good Morning, VettaFi Voices! Disruptive innovation is a popular topic, and it encompasses everything from bitcoin and cryptocurrency to electric vehicles to artificial intelligence.

VettaFi Voices On: Accessing Disruptive Innovation

iShares Nasdaq Biotechnology ETF

iShares U.S. Medical Devices ETF

Let's explore the burgeoning world of FemTech, a sector dedicated to women's health, and discover why it's a lucrative investment opportunity.

This Often-Ignored FemTech Industry Looks Hot: ETFs to Play

CVS Health

Teladoc

In a world where uncertainty looms large in the financial markets, healthcare offers an incredible safe haven for investors. Telemedicine stocks, in particular, are not only a shelter but a gateway to the future of healthcare.

3 Telemedicine Stocks to Watch as Healthcare Goes Digital

Global X Longevity Thematic ETF 

Virtus LifeSci Biotech Clinical Trials ETF

VanEck Vectors Biotech ETF

Virtus LifeSci Biotech Products ETF

BlackRock Future Health ETF

Principal Healthcare Innovators Index ETF

Loncar Cancer Immunotherapy ETF

First Trust NYSE Arca Biotechnology Index Fund

Fidelity MSCI Health Care ETF

Nasdaq Pharm Shs Nasdaq Pharmaceuticals

First Trust Health Care AlphaDEX Fund

Amplify Treatments Testing & Advancements ETF

Global X Genomics & Biotechnology ETF

 Franklin Genomic Advancements ETF

Invesco Nasdaq Biotechnology ETF

iShares U.S. Pharmaceuticals ETF

iShares U.S. Healthcare Providers ETF

iShares Global Healthcare ETF

iShares U.S. Healthcare ETF

Eli Lilly

Global X Longevity Thematic ETF

First Trust Indxx Medical Devices ETF

Merck

Novo Nordisk

Invesco Dynamic Biotechnology & Genome ETF

Direxion Daily Pharmaceutical & Medical Bull 3X Shares

Simplify Health Care ETF

Invesco Dynamic Pharmaceuticals ETF

VanEck Vectors Pharmaceutical ETF

Invesco S&P SmallCap Health Care ETF

Invesco DWA Healthcare Momentum ETF

Invesco S&P 500 Equal Weight Health Care ETF

ALPS Medical Breakthroughs ETF

Vanguard Health Care ETF

Wisdomtree BioRevolution Fund

SPDR S&P Biotech ETF

SPDR S&P Health Care Equipment ETF

SPDR S&P Health Care Services ETF

Health Care Select Sector SPDR Fund

SPDR S&P Pharmaceuticals ETF

How a recession could impact health care stocks in 2023. As Covid continues, what it could mean for the health care sector.

Can Health Care Stocks Outperform Again In 2023?

Global X Education ETF

Pacer BioThreat ETF

Direxion Work From Home ETF

COVID-themed stocks and ETFs were winners in 2020 and some parts of 2021 due to a spike in global coronavirus cases. We may see the same trend again as new COVID variants are 'pretty troublesome.

Here's Why COVID-Themed ETFs May Come Back Under the Radar

Curaleaf Holdings, Inc.

Valuations are down in cannabis and telehealth, but growth projections for those sectors remain promising.

2 Better Growth Opportunities Than Bitcoin

One of the enduring trends arising out of the pandemic will be telemedicine. Social distancing measures propelled telemedicine to another level, and it can continue to be of benefit, particularly for areas where proper healthcare is difficult to reach.

Telemedicine Can Help Overcome Challenges of Rural Care

Roundhill Sports Betting & iGaming ETF

AdvisorShares Pure US Cannabis ETF

These funds are in emerging industries with potential strong returns for investors.

3 High-Growth ETFs That Can Set You Up for Life

Clockwise Capital Innovation ETF

Fidelity Digital Health ETF

RiverNorth Patriot ETF

Roundhill MVP ETF

FT Cboe Vest Growth-100 Buffer ETF-March

Roundhill Streaming Services & Technology ETF

WisdomTree Bloomberg Floating Rate Treasury Fund

Plus, an actively managed ETF-of-ETFs and a digital health ETF launched during the week.

ETF Odds & Ends: Pending Conversions

Potential of telemedicine, big data, artificial intelligence, and administrative digitization in the healthcare sector is huge. EDOC has done quite an effective reshuffling of its portfolio. EDOC is on a downward trend, but has strong potential in the long run.

EDOC: Healthcare Technology Needs Time To Reach Its Potential

Recent federal legislation and policy proposals look to ensure telemedicine is accessible long after the pandemic ends.

Telemedicine: Rewriting Healthcare Standards As New Policies Emerge

ARK Fintech Innovation ETF

Emerging Markets Internet & Ecommerce ETF

iShares MSCI USA ESG Optimized ETF

Amplify Mobile Payments ETF

In 2022, the U.S. equities market got off to its worst start to a year since the dark days of the financial crisis, with many areas of the market, including stocks and stock exchange-traded funds (ETFs), selling off. As a result, many investors are rethinking how to position their portfolio for the months ahead.

7 Megatrend Stock ETFs With Massive Potential

The full onslaught of the pandemic in 2020 fundamentally changed the way healthcare was delivered amid social distancing measures, which should make virtual healthcare a continued focus in 2022. Amid the introduction of the Omicron variant, more patients could be doing their annual check-ups online via telemedicine delivery options.

A Marked Shift to Virtual Healthcare Should Prop Up This ETF

Global X Robotics & Artificial Intelligence ETF

These high-growth sectors can make the most of your money.

Investing $500 Each Month Into These 2 ETFs Could Set Your Kids Up for Life

Global X Cloud Computing ETF

SPDR S&P Dividend ETF

First Trust Cloud Computing ETF

Vanguard Dividend Appreciation ETF

SPDR S&P Retail ETF

Considering the complexities of the current market scenario, let's take a look at some ETF areas that can make good investment choices.

ETF Areas Making Good Bets Amid Rising Omicron Threats

The remainder of 2021 is expected to continue reeling under the spurt in coronavirus cases. Thus, a COVID-themed ETF could be a wise choice.

Bet On COVID-Themed ETFs as New Cases Rise Globally

Global X Telemedicine & Digital Health is a thematic fund with focus on the digital healthcare sub-segment.

EDOC: An ETF That Bets On The Digital Healthcare Segment With Focus On Telemedicine And Digitalization

Play COVID-Themed ETFs as US Labor Day Sees Rise in New Cases

iShares S&P 500 Value ETF

iShares U.S. Technology ETF

Vanguard Mega Cap Value ETF

Vanguard Information Technology ETF

Technology Select Sector SPDR Fund

Let's take a look at some ETF areas that can be good investment options for September.

Best ETF Areas for Placing Your Bets in September

iShares Select Dividend ETF

ProShares S&P 500 Dividend Aristocrats ETF

First Trust NASDAQ-100 Technology Sector Index Fund

Let's take a look at some ETF areas that can be good investment options for August.

ETF Investing Areas to Consider for August

The rest of 2021 is expected to continue bearing the brunt of the coronavirus outbreak. Thus, a COVID-themed ETF could be a smart pick.

Are COVID-Themed ETFs Back in Focus as Delta Variant Fears Rise?

EDOC tracks the market-cap-weighted Solactive Telemedicine & Digital Health Index. To identify what companies are apt for this benchmark, Solactive uses an AI-based approach. The long-term trends including the growth and aging of the global population create favorable conditions for the industry to thrive.

EDOC: Concentrated Bet On The Future Of Digital Health

ProShares Long Online/Short Stores ETF

Almost everyone in the U.S. today participates in the connected economy and across every single one of the pillars that define it. Nearly three-quarters (72 percent) of all consumers frequently use a connected device to engage in at least one aspect of their daily lives.

How Consumers Live In The Connected Economy

Covid-19 certainly changed the way health care delivery was performed. The pandemic saw a substantial rise in telemedicine, which investors capitalized on using the Global X Telemedicine and Digital Health ETF (EDOC).

Here's an ETF to Play the Current Health Care Delivery Landscape

News for Global X Telemedicine & Digital Health ETF ETF (EDOC)