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US fund managers raise bets on healthcare even amid high prices

But some analysts say it reminds them of the tech bubble of the late 1990s

New York

LAST July, when Federal Reserve chair Janet Yellen spurred a sell-off in healthcare stocks by saying that valuations in shares of biotech companies looked "stretched", portfolio manager Graham Tanaka saw an opportunity.

After a year-long buying spree, he now has more than

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