Health-Care Stocks Don't Guarantee Healthy Returns
Plus, debate over money market reform continues, and more.
Health-care stocks and sector funds that own them have outperformed every other sector and fund category year to date. The health-care category has gained 17% for the year to date through May 18. The next best-performing category, real estate, is up 11%; the S&P 500 has gained 7%.
Despite the performance of health-care stocks, diversified funds that have made big bets on health care in recent years have posted a wide range of returns. A table of the 10 large-cap funds with the highest health-care exposure follows.
Kailin Liu does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.