The successful search within EM Value. Health & wellness
RBC Global Asset Management (UK) Limited
About this talk
EM countries currently spend around 6% of their GDP on healthcare, compared to 15% for developed countries. As demographics shift to an aging population who are growing wealthier, we expect the GDP spend to increase and this theme to expand.
The strategy owns the world’s second-largest bicycle manufacturer. Cycling became a popular- and non-polluting - mode of transport during the pandemic. The team sees value in this Taiwanese company, whose strong value chain has resulted in a dominant global brand which competitors will find hard to rival.