Profit from the elderly

The rising number of people aged over 65 presents an opportunity for investors, says professional stock picker Johan Utterman. Here, he tips three stocks to tuck away in your portfolio.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week:Johan Utterman, manager, Golden Age fund, Lombard Odier Investment Managers.

Over the next 15 years, the number of over-65s in Europe, the US and China is expected to grow three times more rapidly than the number of 20- to 64-year-olds. After benefiting from buoyant stock markets throughout the 1980s and 1990s, today's elderly tend to be wealthier, save less and spend more than both their predecessors and younger generations.

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Johan Utterman is manager of the Golden Age fund at Lombard Odier Investment Managers.