Emerging Market GDP Growth Should Drive Healthcare ETFs
Thursday, August 26th, 2010Kevin Grewal submits:
As emerging markets continue to grow and affluence rises, the developing world is likely to be the driving force behind growth in the global health care sector, paving the path to opportunity in the iShares S&P Global Healthcare Sector Index Fund (IXJ), the iShares Dow Jones US Pharmaceuticals Index Fund (IHE) and the Vanguard Health Care ETF (VHT).
A report released by UBS indicates that developing nations are expected to account for $550 billion of annual drug sales per year by 2020, accounting for more than 70% of all drug sales growth and pushing China and Brazil ahead of France, England and Germany when it comes to market size.
