Healthcare favoured due to political uncertainty

The US healthcare sector is being favoured over pharmaceuticals in the US market due to the uncertain results of the upcoming presidential election. Simon Melluish, manager of the Gartmore American Growth Fund, says Gartmore is overweight healthcare, particularly in healthcare services and technology. Gartmore is overweight compared to the Standard &Poor's 500 Index in these areas, more so than in pharmaceuticals because, he says, they are not as affected by political uncertainty. Pharmaceuticals could be adversely affected by the election result as Al Gore favours a universal coverage law...