Do healthcare funds deliver the right medicine?

Mon May 28, 2012

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As the number of funds using the UCITS framework increases, the depth and breadth of strategies has increased. Joy Dunbar, editor of Absolute UCITS, explores the growing number of funds deploying a healthcare theme within the UCITS wrapper.


More healthcare strategies are launching funds using the UCITS framework. Since 2010 a number of healthcare strategy funds have launched and more are expected to follow this year.

The healthcare investment strategy area is often seen as defensive because of its typically non-cyclical nature. However, the perception of the strategy is changing -because it is going through a number of fundamental structural changes, like an ageing global population, a growing middle class in emerging markets, and ongoing innovation.

Changing landscape of healthcare

Healthcare, accessed primarily through government funding, is a benefit that every citizen needs, and changing demographics mean there is an increase in the number of older people globally, according to Emile Westergaard, fund manager of the MS PWP Tokum Long/Short Healthcare UCITS Fund.

Indeed, by 2050 the number of older persons in the world will exceed the number of young for the first time in history, according to...

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