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Britannic takes chance on ageing population

Britannic Asset Management is capitalising on the accelerating pace of the healthcare sector with the introduction of its global healthcare fund.

This unit trust aims to achieve long term capital growth by investing in companies operating in a range of health fields, including pharmaceuticals, hospital management and biotechnology.

Figures from the Institute for Fiscal Studies show that people are living longer than they used to. In 1961, there were around 6 million people aged between 65 and 85. By 1991, this figure had shot up to 9 million.

This trend has increased the demand for healthcare services and medical breakthroughs are also happening more often, particularly in the US

The global healthcare fund is likely to have a US bias but will also invest in Europe including the UK and Japan.

As a specialist sector fund investing in volatile areas, this fund is unlikely to suit first time investors. It is likely to attract experienced investors who are looking to add a touch of spice to their portfolio without being limited to one region.

Of Britannic Asset Management&#39s 14 existing unit trusts, four funds have been awarded Standard & Poor&#39s AA ratings and five funds have been awarded an A rating as at January 19, 2001.

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