Fondita Fund Management Company Ltd., the independent Finnish manager, has noted that its recently launched Healthcare fund, which is focused on promoting health and wellbeing, is available to both private and institutional investors.
A global equity fund, it will mainly invest in European and US companies, without a market capitalisation limit, and targeting a focused portfolio of some 25-30 stocks.
Managers will be Tom Lehto and Markus Larsson. They are looking for returns off healthcare sector solutions around factors such as ageing populations, increased demand for welfare, technology developments and areas exhibiting low price elasticity – which together create demand that is relatively unaffected by economic cycles. An example cited is Danish company Coloplast, which is a staple of many healthcare portfolios, and which is launching new catheters and is seeing increasing demand for colostomy bags due to a rising incidence of cancer.
The Healthcare fund is the eighth launched by the boutique, which otherwise is best known for offering Nordic and European micro and small cap portfolios.