The great market unknowns

Livewire Exclusive

Livewire Markets

COVID-19 has turned investors’ attention to healthcare stocks, many of which have reached record highs of late. While these types of stocks provide essential goods and services to the population, Bob Desmond, Head of International Equities at Claremont Global, says this isn’t a sector he’s particularly keen on – a legacy of the fund manager’s philosophy of finding companies where you don’t need to predict anything. “And a lot of healthcare involves prediction,” he says.

Still, Bob does reveal a healthcare stock that is on his watchlist – the animal health company Zoetis, which was spun out of Pfzier – and discusses why he likes it, although not at the current price.

 

Learn more

Claremont Global is a high conviction portfolio of value-creating businesses at reasonable prices. They consider ourselves true stock-pickers and look to avoid owning businesses that depend on a benign or favourable economic environment. To learn more, use the contact button below.

........
Livewire gives readers access to information and educational content provided by financial services professionals and companies ("Livewire Contributors"). Livewire does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. Before making a decision please consider these and any relevant Product Disclosure Statement. Livewire has commercial relationships with some Livewire Contributors.

1 contributor mentioned

Livewire Exclusive
Livewire Markets

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment
Elf Footer