There is never a shortage of interest in the healthcare sector, particularly at this time as the GOP mulls repealing the individual mandate as part of an overall tax reform effort. Come Wednesday there should be an ample share of headlines linked to the sector as Citigroup will be conducting its annual healthcare conference.
Citi Global Healthcare Conference (Wednesday, December 6 - Thursday, December 7)
- Why it's important
- With efforts afoot in Congress to repeal provisions of the Affordable Care Act, investors are anxious to hear how any prospective changes might influence the sales and earnings prospects for related healthcare companies
- The healthcare sector is the third largest sector in the S&P 500, accounting for 13.9% of its market value. Movement in this sector, then, potentially has market-moving implications.
- Despite the political uncertainty afflicting the sector, demographic patterns continue to work in its favor. Accordingly, investors will be listening for insight on growth prospects tied to the aging of baby boomers.
- The S&P 500 healthcare sector has outperformed the market this year, with a 19.4% gain versus a 17.9% gain for the S&P 500. Commentary out of the conference could help widen, or narrow, the performance divide.
- A closer look
- What's in play?
- iShares Nasdaq Biotechnology ETF (IBB)
- SPDR S&P Biotech ETF (XBI)
- Vanguard Health Care ETF (VHT)
- iShares U.S. Medical Devices ETF (IHI)
- First Trust Health Care AlphaDEX Fund (FXH)