Healthcare: Political Uncertainties Have Weighed on the Sector
We see opportunities in providers, managed care, drugs, and biotech.
Morningstar's U.S. Healthcare Index slipped 2% quarter to date as of Sept. 24 amid market concern around healthcare pricing pressures (Exhibit 1), underperforming the broader equity market performance of 1%. Also, as potential changes in U.S. healthcare policies have become more elevated with politicians increasing rhetoric for the upcoming presidential election, increased uncertainty has weighed on the sector's relative performance.
Healthcare Sector Index vs Market Index. - source: Morningstar
Damien Conover does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.