Health Care’s Rich, Diverse Landscape Provides Emerging Opportunities

Health Care’s Rich, Diverse Landscape Provides Emerging Opportunities

Asia boasts a large and heterogeneous health care sector, reflecting the diversity of the region itself. Demographics, rising income and innovation each contribute to the sector’s growth, creating compelling long-term investment opportunities. As bottom-up investors, we believe stock selection is key, as the success of individual companies can have a number of complex drivers, from regulatory frameworks, to pricing power and competitive moats. Within this dynamic sector, competition can be fierce, particularly among companies that provide lower value products and services. Investing with a long-term view, we find individual companies most interesting when viewed through the lens of innovation. We define innovative companies as those competing on intellectual property, quality and service. Many innovative health care companies are thriving and making new investments in research and development. As in the past, Asia’s consumers will continue to play an important role in the growth of health care-related industries, with patients seeking better quality care and services as incomes rise. Here is a high-level look at some of the themes our investment team is following across the region.

***Click 'Download Q2 Paper' below to read the full article.