I agree. The healthcare (particuarly biotech) industry has been out of favour for some time. The XHJ is actually slightly down over 5 years whereas the XJO is up 43% over the same period which is a massive differential for an index. The other factor is that we just don't have many healthcare companies and when CSL is down over the last 5 years that's a massive drag on the index.
NEU Price at posting:
$13.01 Sentiment: Buy Disclosure: Held
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