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Damien Conover: Looking at the healthcare sector today, and one of the areas where we ve seen some nice performance, the group is up almost 30% over the last 12 months. While that s been pretty strong performance, the overall market is up almost 50%. So, there s a little bit of underperformance in healthcare relative to the overall market. And we think a lot of that has to do with potential concerns around new U.S. policies that could hurt drug-pricing power and could potentially hurt some of the managed-care organizations. But when we take a look at overall valuation right now, we think the overall healthcare space looks like it s largely fairly valued to slightly overvalued. But again, the two areas that we think have the most interest are the drug manufacturers and managed-care sectors because of this concern around potential U.S. healthcare policy reforms.

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