FXH - Do Healthcare Stocks Protect Portfolios In A Pandemic?
By Vinay Thapar
The healthcare sector has been a reliable safe haven during even the most challenging markets. But the novel coronavirus panic is raising questions about its resilience. By looking beyond the pandemic at changes sweeping the industry, investors can find defensive healthcare stocks that offer long-term growth prospects, too.
Healthcare stocks outperformed all sectors in the first quarter. In the MSCI World Index, the healthcare sector fell by 10.8%, while the benchmark dropped by 20.1% in local-currency terms (Display, left). With the worst-performing sectors such as financials and energy falling by 30.2% and