A Growth Fund Manager Makes the Case for Health Care Stocks
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"If you think about the business model, needles, syringes are used once; they're thrown away and more are bought," says Robert McIver, managing director at Jensen Investment Management and a portfolio manager of the $5 billion Jensen Quality Growth fund . McIver says there are three main reasons Jensen likes the health care sector: advances in medical technology, an aging population in many countries, and growth in health care spending by emerging economies. In the U.S., McIver says Jensen was worried about the Affordable Healthcare Act of 2010, but the dust appears to have settled.