UBS US Growth slashes healthcare ahead of 2020 US election
Fear of regulation main driver behind cut in exposure
Peter Bye of UBS
The UBS US Growth fund has heavily reduced its exposure to healthcare stocks ahead of the US Presidential Election, which is set to unleash a wave of regulation upon the sector regardless of the victor, according to portfolio manager Peter Bye.
Both incumbent President Donald Trump and Democratic Primary challenger Elizabeth Warren have promised their own approaches to reform in the lead-up to the 2020 election, which present "a growing threat"...
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