Pocket some grey pounds – three healthcare stocks to buy now

The ageing population is an opportunity for the health and medical sector. Here, professional investor Garry White picks three healthcare stocks to buy now.

Each week, aprofessional investor tells MoneyWeek where he'd put his money now. This week:Garry White, chief investment commentator, Charles Stanley.

Asset allocation matters more than individual stockpicking. So you must pay attention to trends across sectors and markets, to ensure you are well positioned for future moves. One of the biggest trends in the FTSE 100 this century was the rise and now fall of commodities. The weighting of commodity-related stocks in the index is now falling as Chinese growth stutters and supply moves into surplus, sending miners' share prices to multi-year lows. Oil companies are also being hit while oil-service companies such as Petrofac and Wood Group have already been demoted from the index. Another sector with a declining blue-chip weighting is engineers, with companies such as Melrose Industries demoted to the FTSE 250 and Weir Group a strong candidate to exit at next month's reshuffle.

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Garry White is chief investment commentator at Charles Stanley.