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Fleming Asset Management…

Fleming Asset Management has introduced an offshore global sciences fund

to capita^_lise on changing demographics.

It says the sector is changing rapidly as a result of an ageing world

population and the need for an ever inc^_rea^_sing number of drugs to

combat existing and new diseases.

The launch, revealed in MM last month, will form part of its flagship fund

range and will focus on leading “enab^_lers” within the life sciences

sector rather than multi^_natio^_nal pharmaceutical companies. It will

inc^_l^_ude leading bio^_tech and genomic com^_pan^_ies, medical device and

drug delivery sys^_^_tem manufacturers and healthcare companies.

Fleming says the mapping of the human genome is revolu^_tionising the

speed and quality of the drug process and having a knock-on effect in a

number of related areas.

Charges are 5 per cent initial and 1.5 per cent annual. Minimum investment

is $5,000. Commission is on a sliding scale from 3 to 5 per cent.

Fund manager Chris Jones says: “Huge advances in tech^_nology have

resul^_ted in the healthcare industry experiencing unp^_re^_cedented growth

across a range of related activities. Vast financial res^_ources will need

to be expended by compan^_ies, which should cre^_ate significant

inv^_est^_ment opportunities.”

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