What 'Obamacare' means for the healthcare sector

Gareth Powell, fund manager - healthcare at Polar Capital, analyses the impact of the Affordable Care Act.

Healthcare has been one of the best performing areas in the market year-to-date; the sector has made relative highs versus both European and US stock markets in recent weeks. This is in some ways unsurprising given the challenges the markets have faced during the second quarter of 2012. Fears over Europe have surged with the situation in Spain being at the top of the agenda, growth in China appears to be declining and weak economic data-points in the US over the last two months have all raised investor angst. Indeed, this has lead to the “sell-side indicator,” an average recommended s...