Despite recent volatility, opportunities in healthcare remain abundant and we believe the long-term outlook for the sector is positive. Powerful demographic trends, a record-setting pace of innovation, and structural changes in healthcare delivery systems continue to drive growth and expand the investment opportunity set. Wellington Management’s Healthcare team currently manages over US$60 billion in assets for clients globally.1 Several team members recently shared their views on advances in the biopharmaceutical industry around the world.
1 As of December 31, 2018. Firm assets include assets under management and non-discretionary assets.
Important Risks: Investing involves risk, including the possible loss of principal. • Risks of focusing investments on the healthcare related sector include regulatory and legal developments, patent considerations, intense competitive pressures, rapid technological changes, potential product obsolescence, and liquidity risk.