The top healthcare funds to buy

Increasingly rapid progress in drugs and healthcare technology makes these trusts top tips, says Max King.

medical professional
(Image credit: © Getty Images)

Managers of healthcare funds are always bullish, dazzled by the accelerating pace of innovation and the relentless increase in demand from rising, increasingly prosperous and ageing populations happy to pay more for a longer, healthier life.

Too easily, they forget the downside. Pharmaceutical patents expire 20 years after invention (much less from when the product comes to market), dysfunctional healthcare systems don’t want to pay up for new drugs or equipment and the regulatory process for approval is tortuous and unpredictable.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.