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Stock impact report

Healthcare stocks are red-hot. Here are 3 picks from a fund manager up 41% this year. [Business Insider]

Revolution Medicines, Inc. (RVMD) 
Have an account? Log in Healthcare stocks have outperformed the technology sector since September. The Tema Oncology ETF is one fund that has had enjoyed a big rally, up 41% this year. David Song, the fund's manager, highlighted three stock picks for Business Insider. If someone were to ask you which sector has led the market over the last three months, you might guess technology. After all, AI is the only thing you seem to hear about when it comes to stocks these days. You'd be wrong, though — healthcare has actually outperformed every other sector since the start of September as investors have started to look to more defensive assets. The State Street Health Care Select Sector SPDR ETF (XLV) has risen 13% over that period, followed by tech and utilities at 9% and 5%, respectively. One fund that has seen a significant boost during the latest stretch of outperformance is the Tema Oncology ETF ( CANC ), which has risen 28% since September. Year-to-date, the fund is up 41%. Show less Read more
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