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Health Care Mutual Funds
One type of investment that psychiatrists might find especially intriguing are health care mutual funds-specialized portfolios that invest in medical companies ranging from pharmaceutical manufacturers to biotechnology firms to health maintenance organizations. Although these industry-specific funds should not be held in isolation, they can provide solid long-term growth potential to a well-diversified portfolio. Here's key information on five top funds:
One type of investment that psychiatrists might find especially intriguing are health care mutual funds-specialized portfolios that invest in medical companies ranging from pharmaceutical manufacturers to biotechnology firms to health maintenance organizations. Although these industry-specific funds should not be held in isolation, they can provide solid long-term growth potential to a well-diversified portfolio. Here's key information on five top funds:
- Fund Name
- Sales Charge/Load
- Phone
- Average Annual Return*
- MinimumEaton Vance Traditional Worldwide Health Sciences
4.7%
800-225-6265
+17.98%
$1,000
- Vanguard Specialized Health Care
None
800-662-7447
+17.81%
$3,000
- Fidelity Select Health Care
3%
800-544-8888
+13.64 percent
$2,500Putnam Health Sciences
5.75%
800-225-1581
+13.50 percent
$500
- T. Rowe Price Health Sciences
None
800-638-5660
N.A.**
$2,500
Notes: Performance results are average annualized figures for the five years through Jan. 31, 1997, as provided by Morningstar Inc. of Chicago. The T. Rowe Price fund debuted in December 1995.