apoAsset launches European healthcare balanced fund
German asset manager apoAsset has announced the launch of apo Medical Balance, a European balanced fund investing in healthcare equities and bonds worldwide.
The new fund, whose distribution is initially aimed at Germany with plans to expand to Austria, is jointly managed by a team including Kai Brüning,senior portfolio manager equities and Angelika Tansley-Becker (pictured), senior portfolio manager bonds at apoAsset.
It aims to complement the existing apo Medical Opportunities fund, which invests solely in equities.
The investment strategy of apoAsset’s products aims to benefit from the impact of demographic changes as well as the growth of emerging markets and its implications for the global healthcare sector.
apoAsset acts on behalf of the German Pharmacists and Doctors bank as well as the German Doctors insurance.