With those improvements in technology and the price of health care equities relative to value propositions, health care could lead the sectors when a market correction eventually takes place.
“Healthcare really is giving investors a lot of bang for its buck right now,” said Martin Jarzebowski, healthcare sector head at Federated Investors.
As such, a health care ETF like CURE can also be used as a defensive play in addition to a short-term profit tool. As the bull run gets longer in the tooth, health care can serve as a safe-haven sector for investors cycling out of their growth-oriented investments.
“The later we get in the cycle, our enthusiasm for healthcare has only picked up,” Lafferty said.
CURE has returned 32.22% year-to-date and almost 40% within the past 12 months.
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