Insights, Innovation and Impact
This timely update provides insights into health care sector stock performance and social impact themes related to U.N. Sustainable Development Goal 3 (Good Health and Well-Being).
Stocks produced strong gains in March, ending the month at record highs. Progress on vaccine rollouts, positive economic data and massive fiscal stimulus contributed to gains. Recent months have witnessed a sea change in market sentiment as the U.S. government pours trillions of dollars into the economy, while the Federal Reserve keeps interest rates at zero.
Key reports published in March highlight the importance of environmental and other impacts on human and animal health. Water quality remains a serious issue despite passage of the Clean Water Act almost 50 years ago. Water quality problems are even more pronounced in developing economies.
IDEXX is a leading provider of veterinary diagnostic equipment and services for pets and livestock. The company is also a worldwide leader in quality and safety testing for water and milk.
Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.
The opinions expressed are those of American Century Investments (or the portfolio manager) and are no guarantee of the future performance of any American Century Investments' portfolio. This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.
References to specific securities are for illustrative purposes only, and are not intended as recommendations to purchase or sell securities. Opinions and estimates offered constitute our judgment and, along with other portfolio data, are subject to change without notice.