We attended ASCO 2019. ASCO is the American Society of Clinical Oncology. ASCO hosts, next to many other activities around oncology, an annual meeting.
This meeting provides clinical updates and educational sessions for oncologists, nurses, researchers and everybody interested in oncology from around the world. The 2019 meeting hosted more than 40’000 participants, an increase of ca. 30% over the last 7 years. The growth of participants indicates the level of innovation and investments which flow into the sector. These aspects stayed the same compared to previous years. However, a lot of other things have changed in 2019.
Healthcare started 2021 on a very positive note, outperforming most of the other sectors (Energy, 3.0%, being the sole exception). The MSCI World Healthcare Net Return (NR) Index gained 1.1% in January 2021, while the MSCI World NR Index declined 1.0%.
The MSCI World Healthcare Net Return (NR) Index rose by 9.0% in November 2020 and the MSCI World NR Index gained 12.8%. November was the best month for global equities year-to-date (12.8%), with cyclicals outperforming defensive sectors.
The MSCI World Healthcare Net Return (NR) Index posted a -4.88% loss in October 2020. The MSCI World NR Index was down -3.07%. Global equity markets remained volatile during the month. The rising number of COVID-19 cases and new containment measures lead to a deja-vu correction in the last few days of October.