Fund manager Matrix Securities is encouraging investors to look at opportunities in unquoted health sector companies with the launch of its Sitka Health venture capital trust.
It believes this sector will provide the investment success stories of tomorrow because of changing demographics, lifestyle, industry trends and scientific innovation which are all contributing to growth. Matrix says this is illustrated by the current success of funds investing in quoted health stocks.
It says investors looking for investment opportunities in young and growing businesses should now consider unquoted health companies.
Matrix points to a number of factors contributing to the growth of the health sector.
These include increased emphasis on good health and lifestyle and people living longer, raising the demand for health products and services.
Governments are introducing new health and safety regulations which are creating new business opportunities.
Matrix points to the US experience where the biotechnology industry grew by 45 per cent in 1999.
Director Bridget Cleverly says: “Our VCT offers the opportunity to invest in dynamic health sector businesses while providing investors with the benefits of substantial tax breaks.”