Fund managers feel concerns about Obama reforms are "overdone," AIC study finds
The UK's Association of Investment Companies says that a recent survey of fund managers shows that many of them believe the life sciences sector is under-valued.
The London-based organization, which represents the interests of the investment trust industry, noted that drugmakers have held up well over the last year of economic uncertainty, posting a gain of 10%, while other industries have suffered losses. Over the last three, five and 10 years the sector is down 10%, up 14% and up 168%, respectively.
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