Healthcare offers diversification from market hot spots

Over the last couple of years, many healthcare companies have been labelled as “too difficult” due to the challenges of determining their financial standing. Even if the healthcare sector has endured a difficult 2022–2023, we will not be afraid to add to our positions in areas where we believe that the trend growth looks strong and sustainable, and the valuation attractive, says Nikko AM. In addition to the well-known demographic drivers (ageing societies, rising prevalence of chronic illness, etc.), innovation is enabling structural changes in healthcare delivery and in our view these changes...