The stock-investing chief overseeing $235 billion at Charles Schwab breaks down his surprisingly bullish call on the market's least favorite sector

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Omar Aguilar, CIO for equities at Schwab's investment management business, says he's bucking the Wall Street trend of avoiding an unloved area.

Omar Aguilar oversees $235 billion in assets as Charles Schwab's chief investment officer for equities and multi-asset strategiesOmar Aguilar oversees $235 billion as chief investment officer for equities and multi-asset strategies at Charles Schwab Investment Management. He's bucking the Wall Street trend that has left healthcare stocks in the dust in 2019.

But Omar Aguilar, the chief investment officer for equities and multi-asset strategies at Charles Schwab Investment Management, says the sector has a great deal to offer — and that Wall Street is failing to appreciate it. Aguilar acknowledges those concerns, but says they're not something investors should focus on right now. There are a wide variety of drug and health care proposals circulating in the political system, and it's not clear if any of them can pass now, or if that can happen even if pro-reform Democrats win full control of the government in 2020.

 

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