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Market observers have pointed to a number of reasons for the increasing momentum in the small-caps, compared to their larger peers. For instance, geopolitical risks, a stronger U.S. dollar and rising trade tensions have contributed to a murkier outlook for large multinational companies, whereas small-caps have benefited from deregulation and ongoing domestic growth.
“Within the small cap space, we found health care equipment industry presented an attractive growth opportunity,” said SSgA. “Since the first quarter of 2017, health care equipment has followed a growth trajectory, posting its fourth consecutive double-digit earnings growth in the first quarter of this year.”
For more information on the healthcare sector, visit our healthcare category.