Healthcare Sector Outperforming: 5 Best ETFs & Stocks QTD
Zacks Investment Research | Nov 21, 2019 12:15AM ET
Healthcare, which registered its second-worst performance among the 11 major S&P 500 sectors this year, bounced back with an outperformance starting the fourth quarter. This is primarily owing to successive positive news including trial results, deal activities and better-than-expected earnings. Further, uncertainty over trade lent a boost to the sector given its non-cyclical nature, which in turn, provides a cushion to its portfolio.
Moreover, the sector is clearly benefiting from encouraging trends including new drug approvals, an accelerated pace of innovation, promising drug launches, growing importance of biosimilars, cost-cutting efforts, an aging population, expanding insurance coverage, the rising middleclass, insatiable demand for new drug, and an ever-increasing health care spending (read: Zacks Investment Research
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