Investing
3 Healthcare Mutual Funds to Buy for Stellar Returns
Published:
Last Updated:
One of the best ways to safeguard investments is by parking money in the healthcare sector. This is because demand for healthcare services does not change with market conditions. Many pharmaceutical companies also pay out regular dividends.
Companies that consistently offer dividends are financially stable and generate a steady cash flow, irrespective of market conditions. Mutual funds are the perfect choice for investors looking to enter this sector since they possess the advantages of wide diversification and analytical insight.
Below, we share with you three healthcare mutual funds, viz., Fidelity Select Pharmaceuticals FPHAX, Janus Henderson Global Life Sciences Fund JNGLX and Vanguard Health Care Fund VGHCX. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future.
Fidelity Select Pharmaceuticals seeks capital appreciation by investing in companies engaged in the research, development, manufacture, sale, or distribution of pharmaceuticals and drugs of all kinds. FPHAX advisors also invest in common stocks.
Fidelity Select Pharmaceuticals has three-year annualized returns of 7.7%. Karim Suwwan de Felipe has been the fund manager of FPHAX since June 2017.
Janus Henderson Global Life Sciences Fund invests its net assets in securities issued by firms that the advisors believe have a life science emphasis. JNGLX has created a fundamental policy mandating a minimum investment of its total assets in securities issued by firms categorized under the “life sciences” sector.
Janus Henderson Global Life Sciences Fund has a three-year annualized return of 8.9%. JNGLX has an expense ratio of 0.80% compared with the category average of 1.03%.
Vanguard Health Care Fund seeks long-term growth of capital and dividend income. VGHCX invests in common stocks of companies in a variety of segments of the healthcare industry, which include pharmaceutical firms, designers and manufacturers of medical equipment and supplies, operators of hospitals and other healthcare facilities, and biotechnological researchers.
Vanguard Health Care Fund has three-year annualized returns of 8.5%. As of January 2023, VGHCX held 105 issues, with 6.2% of its assets invested in UnitedHealth Group Inc.
Get Your Free (VGHCX): Fund Analysis Report
Get Your Free (FPHAX): Fund Analysis Report
Get Your Free (JNGLX): Fund Analysis Report
To read this article on Zacks.com click here.
This article originally appeared on Zacks
In 20 Years, I Haven’t Seen A Cash Back Card This Good
After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers.
A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.
Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.