EFTA Document EFTA01458003

Nino Ne.,47:4 r«\4 Tha '74 Stoic Imes:emir truth:. to r3 A1 m %Mello HC21-0.144:441 4039 Henning Gebhardt, Global Head of Equities Equity-market perspectives Healthier portfolio returns In times of fast changing market sentiment, crisis summits and unconventional central bank policies, one can easily lose track of long-term trends. But they are the drivers of the healthcare sector. Demand for drugs, care and hospital capacity is naturally rising in an ageing society. Many elderly