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Thomas Jefferson University Research

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Abstract

Specialty mutual funds such as healthcare funds offer investors the opportunity to focus on high total return, income and further diversification within a specific industry. Although extensive research has been conducted on mutual fund performance generally, little such work has been conducted on healthcare-related mutual funds.

D.K. Malhotra, PhD, professor of finance and Nydick Family Term Chair and colleagues, sought to decode the characteristics and performance of healthcare mutual funds by examining their risk-adjusted rate of return from 2001 to 2018. He studied a broad range of healthcare-related funds, including those that focused on pharmaceuticals, biotechnology, health insurance, manufacture of diagnostic supplies and other sectors. The research used multi-prong methodologies to evaluate performance, all of which take risk and return into consideration.

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