March Was A Tough Month for MSCI Europe

The only sector in MSCI Europe with positive performance for the month of March is Utilities, while Health Care stocks took quite a beating:



Not surprisingly, Gas Utilities names dominate others in the sector:



And, while Utilities had more sub-industries perform well, the best sub-industry was actually Home Improvement Retail:



The Casinos & Gaming, Precious Metals & Minerals, and Environmental & Facilities Services sub-industries all posted double-digit declines this month:



Finally, while the Health Care sector as a whole did not perform well, one stock played a particularly significant role in the decline: