The Health Care Large Cap Stocks segment recorded a drop on Wednesday (-3.46%) bringing the one month performance to -6.87%. The segment also suffered from its fifth consecutive day of outflows with investors pouring out (€245M) of the segment during this period. Managed care providers are now under pressure due to “Medicare for All”, a proposal pushed by Democratic lawmakers. This initiative has recently hit the headlines. Is the segment being oversold? Health Care stocks segment is considered as a defensive sector with low dividends compared to other S&P 500 sectors. Once a market leader, the segment is struggling in 2019 with a YTD performance of 4.62%. 20 funds replicating the performance of 13 indices are included in the segment for a total of €7.4Bn of assets under management.