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Diversifiying within healthcare

slick
in Fund Discussions
I have been overweight in healthcare for over three years, rewarded handsomely until a year ago. Decided to add a medical device component, which has been doing pretty well. Already had biotech FBTIX, health care fund PHSZX and Large Pharma etf PFP. Looked at Fidelity's Select FSMEX, but 25% of the holdings were in one stock Medtronic. Decided to buy IHI, which had considerably less exposure to MDT ( I kept thinking about Sequoia's concentration).

Anyone else finding this area attractive? Not betting the farm, but willing to put my toe in with a modest allocation.

Comments

  • MarkMark
    I own GILD and PFE, along with HQL and THQ two CEF's. I reinvest the dividends but have not added to any of the positions otherwise. I also hold a good chunk of POAGX which has a 25% allocation to healthcare so I'm not compelled to jump in further just yet.
  • TedTed
    edited May 2016
    @slick: PRHSX PRHSX PRHSX PRHSX, if and when it reopens to new investors, get my drift ! The Fund is ranked #1 By U.S. News & World Report. I've owned this fund for over ten years.
    Regards,
    Ted
    http://money.usnews.com/funds/mutual-funds/health/t.-rowe-price-health-sciences-fund/prhsx

    M*: PRHSX Performance:
    http://performance.morningstar.com/fund/performance-return.action?t=PRHSX&region=usa&culture=en_US
  • slick
    @Ted: I had originally purchased PRHSX back in early 2013, but when they had a change in managers, I decided to sell it. Probably should have kept it, as it is now closed, but took PHSZX instead, which has done well, but its a bit more volatile. As I have stated before, I also have FBTIX (advisor equivalent of FBIOX) and PJP for pure large pharma. Adding IHI was a momentum play, and we will see how it turns out. I am still overweight healthcare, as all of my equities are in iras, with 5+ years until i have to start rmd. This is balanced by largest positions in VIG, VDIGX, PKW and SMGIX all diversified funds.
  • Old_JoeOld_Joe
    @Ted- what's the point of recommending a fund that's closed?
  • TedTed
    edited May 2016
    2Old-Joe: You make a very valid point !
    Regards,
    Ted
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