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The MSCI World Healthcare Net Return (NR) Index rose 3.1% in December 2020, compared with a 4.3% gain for the MSCI World NR Index. As regards GICS sector performances, Healthcare (+14.1%) closed the year in the top half of the table. The sector’s gain came with much lower volatility (25.5%) than that of all other sectors, except for Consumer Staples (21.8%).