Health Care - Safe Haven?
I will point out just some major reasons why I think so:
- The population in the United States and Europe is aging fast and they are going to require more and more medicines over time.
- Soon, the baby boom childes in the US will be in the age of 70's.
- The good economic growth in relatively poorer East European countries and very fast economic growth in Asia will give the poorer people a change to buy expensive brand-name drugs instead of generic ones.
- The growing population in Africa and Asia (China, India) will expand the number of potential customers.
Of course, health care is unquestionably a sector where stock diversification is a must!
Recently, Briefing.com also issued Overweight rating for health care, while maintaining Neutral on overall market.