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Article: Placing bets on aging populationFUNDSMARKETPLACE by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- August 7, 2007
- Author:
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Sabine Pirone
International Herald Tribune
08-07-2007
Philip Dicken of Threadneedle Investments built a successful fund on manufacturing stocks. He sees a better future in health care.His Pan-European Smaller Companies Fund, worth l240 million, or $489.2 million, is the top British investor in companies with market values below l4 billion.The fund is making investments in the Greek spa and clinic operator Euromedica, which will benefit as more people retire, and it is selling some shares in industrial equipment ventures like the Swiss pump maker Sulzer, which Dicken now finds too expensive.''The positive environment for health care companies comes from the aging population,'' Dicken, 33, ...