Barbarczy: Response to deflationary concerns

Barbarczy: Response to deflationary concerns. Sectors such as healthcare and aged care are two we are favourably disposed to, as both exhibit structural growth due to an aging of populations globally as well an above-average input cost inflation. We do not believe that government-funding models will look to aggressively cut costs from these sectors in the short to medium term, due to the essential nature of the service and also the cost savings to government that are generated through private investment in these sectors. We also continue to like the financial sector, which we think will perform well in response to the falling interest rate environment. (paywall) (VIEW LINK)