Business
3 ASX medical shares to hold for the long term – Motley Fool Australia
ASX medical shares are among the most defensive shares on the ASX. Here we take a look at 3 healthcare companies to hold for the long term.
I believe ASX medical shares are among the most defensive on the market. After all, people require medical treatment regardless of the state of the economy. Despite the volatility seen in share markets as a result of COVID-19, the S&P/ASX 200 Healthcare Index (ASX: XHJ) has increased 21% over the past year. By comparison, the S&P/ASX 200 (ASX: XJO) has fallen nearly 10%.
The healthcare sector is involved in the fight against coronavirus, but also stands to benefit from long-term trends…
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