(October 2020)


One of the sectors that will be impacted most acutely by the election is healthcare. A win by Trump or Biden has highly divergent outcomes for the industry. To analyze the impact, it is best to look at the space by sub-sectors. For instance, in a Trump victory, pharmaceutical companies and insurers would likely thrive with the continuation of the status quo. If Biden were to win, there would be a very different reaction. Pharma and insurers would likely struggle under Biden, but equipment manufacturers and biotech generally would see gains. For a Biden win, check out ETFs like the IBB Biotech ETF or the IHI Medical devices ETF. For a Trump win, consider the SPDR S&P pharmaceuticals ETF (XPH) or the Fidelity MSCI Health Care ETF (FHLC).


FINSUM + Magnifi: Different parts of the healthcare industry are going to thrive or suffer depending on who wins. And remember, there are multiple in-between scenarios, such as a Biden win but the Senate staying Republican.


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