We wash hands, exercise to boost immunity, and look out for vaccine to combat COVID-19. It is a time our healthcare systems come under pressure, driving both public and private sectors to realize the importance of investing in healthcare.
In the first half of this year, healthcare companies have dominated the IPO market, raising as much as US$17 billion in equity offerings. Healthcare is a sector with enormous opportunities, supported by long term demographic trends and fundamentals. In our view, healthcare is a “defensive growth” sector, characterized by its defensive and growth nature. It is defensive thanks to its low correlation with global macro conditions.