secular healthcare tailwinds support defensive allocation
I view HHL (Harvest Healthcare Leaders) as an attractively valued healthcare leaders ETF where medium‑to‑long‑term secular drivers (aging populations, tech innovation) support a core defensive allocation despite recent multiple compression and policy noise.
Aging demographics and healthcare technology innovation provide durable long-term demand drivers that offset near-term multiple compression and policy noise. HHL's healthcare leaders composition positions it as an attractively valued defensive core holding.