NEW YORK ( TheStreet) -- At a time when stocks have been climbing nicely, health care and drug shares have lagged. During the past 12 months, health funds returned 10.5%, trailing the S&P 500 by 10 percentage points, according to Morningstar.A variety of factors have held back companies in the sector. Responding to the debt crisis, European national health plans hurt drug companies by demanding price cuts. In the U.S., many drug and device companies announced that their earnings would suffer because of health care reform. That was a special blow for pharmaceutical blue-chips that have long been plagued by concerns about patent expirations.
Health Funds See Value in Lagging Sector
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