“It’s one of the rare sectors to display defensive qualities alongside growth opportunities,” said Dominique Montier, lead manager of the Stenham Healthcare Fund.
He said healthcare is benefiting from “very interesting” shorter-term trends together with “attractive long-term tailwinds”, evident in the strong performance of healthcare stocks over the past two years.
Despite the fact that many positive trends are in their early stages, Montier said valuations remain “relatively undemanding”, which has given him reason to believe there are positive short and long-term prospects for the healthcare sector.
