health is where the wealth lies, fund manager

I think this observation certainly applies to GID. Obesity and Diabetes are not going away...

The recent share price drop simply does not make sense. Every piece of News out of this company has been nothing less then encouraging.


Health is where the wealth lies, fund manager predicts

October 11, 2012

Madeleine Heffernan

Healthcare companies will gain as the global population increases, ages and becomes wealthier, fund manager Fidelity says.

Healthcare companies will gain as the global population increases, ages and becomes wealthier, fund manager Fidelity says. Photo: Glen Hunt

HEALTHCARE companies will emerge big winners as the global population increases, ages and becomes wealthier, fund manager Fidelity says. Speaking about the investment opportunities created by these trends, Fidelity tipped greater sales of coronary stents, generic medicines, hearing aids and eye care as enormous demographic changes swept the world.

Nicky Stafford, the London-based portfolio manager of Fidelity Global Demographics Fund, said that with emerging markets set to comprise 88 per cent of the world population by 2015, demand will surge for natural resources, internet usage and middle-class products such as global brands and financial products.

Similarly, ageing developed populations will boost demand for cost-effective healthcare, such as generic drugs. ''Ageing population will clearly drive demand for healthcare across areas like hearing aids and eye care,'' Ms Stafford told a Melbourne business lunch yesterday.

''The young will also take with them pretty bad habits, so bad dietary habits means higher incidences of chronic diseases, like diabetes and heart disease.''

Read more: http://www.smh.com.au/business/health-is-where-the-wealth-lies-fund-manager-predicts-20121010-27ddz.html#ixzz28w8O7oPQ