ETF Trends CEO Tom Lydon discussed the Robo Global Healthcare Technology and Innovation ETF (HTEC) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

HTEC seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ROBO Global Healthcare Technology and Innovation Index. The fund will normally invest at least 80% of its total assets in securities of the index or in depositary receipts representing securities of the index.

The index is designed to measure the performance of companies that have a portion of their business and revenue derived from the field of healthcare technology, and the potential to grow within this space through innovation and market adoption of such companies, products and services.