Morningstar's Global Healthcare Index has increased 10% over the trailing 12 months amid diminishing market concern around healthcare pricing pressures, outperforming the broader global equity market performance of 1%. Also, as overall concern about the strength of the global economy has risen, healthcare is generally viewed as a safer sector, potentially adding to its relative outperformance.
Healthcare sector index vs. market index - source: Morningstar Analysts
Damien Conover, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.