2024-07-18 15:19:25 ET
Summary
- The Health Care sector bullish due to AI technology.
- VanEck Pharmaceutical ETF offers exposure to leading pharmaceutical companies.
- The defensive nature of the pharmaceutical sector makes it somewhat recession-proof, but high costs and regulatory risks are potential drawbacks.
I’m actually quite bullish on the Health Care sector. If AI is real, then no sector should benefit more from the technology’s output than Health Care. Momentum in the space has been narrowly focused on just GLP-1 beneficiaries, but there’s a broad movement coming, I believe. With the world’s population aging and life spans increasing, the need for new medicines and therapeutics will continue to grow, bringing renewed vigor to pharmaceutical research and development....
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PPH: A Strong Fund To Play Big Pharma