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Ahead of Obamacare Open Enrollment, Are Health Care ETFs a Risk?

On several levels, the U.S. economy seems to be gaining steam, but with Obamacare open enrollment period beckoning in November, there's some doubt as to whether or not the health care sector will be coming along for the ride.

"Earnings have been outperforming expectations globally and growth appears to be resuming, and global economic expansion keeps going," says Jason Pride, director of investment strategy at Glenmede Trust Company, near Philadelphia. "Signs point to a continuation of this long, slow economic expansion."

But trouble lurks for the health care sector, as insurers continue to bail on the Obamacare open exchanges.