The healthcare sector took a sharp hit two years ago when the American presidential race dragged drug pricing into the spotlight, but share prices have now surpassed their previous highs. There are a number of specialist healthcare funds that offer investors access to the latest developments in drugs, treatments and medical technology. The Worldwide Healthcare Trust, run by Sven Borho for more than 20 years, is a £1.6bn investment trust that has made three times the return of its benchmark index since its inception. It has around 65pc of its money invested in America, with the rest split between Europe, Asia and emerging markets. Here, Mr Borho tells Telegraph Money why Alzheimer’s treatments... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for free … [Read more...] about £1.4bn global healthcare fund manager: ‘Unpredictable, irrational governments are the biggest risk to our portfolio’
Despite monster share price gains over the past few years, investors are still piling into American technology firms. These are now by far the largest companies on earth. Last week Apple became the first US stock to reach a $1 trillion market value, with Amazon and Google not far behind. The positive case for these tech giants is well known, and many investors think they can keep delivering. A global survey carried out by Bank of America Merrill Lynch found that professional fund managers had ranked Facebook, Amazon, Apple, Netflix and Google (the “Faang” stocks) as the most “crowded” – popular – investments worldwide for six straight months. Estelle Menard, who manages the CPR Global Disruptive... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium … [Read more...] about What are the real risks you’re taking investing in the big tech stocks?
Fraudsters are mining social media in increasingly sophisticated ways to get their hands on your pension, as the Government delays bringing in a ban on the tactic most often used by scammers to steal your money. Last week the Government confirmed a ban first adopted as policy in November 2016 on companies cold calling savers about their pensions – a tactic most often used by scammers – was being shelved until the autumn. The delay sparked anger among campaigners, who say the risk to savers is growing due to the fraudsters' increasingly sophisticated approaches. Michelle Cracknell, chief executive of consumer guidance body The Pension Advisory Service, said savers were increasingly contacting... Register for free to read this article, or log in to your Telegraph account Register Log in … [Read more...] about Scammers scouring social media to prey on your pension
Europe is looking into higher taxes for digital companies, something that not everyone agrees on, according to a communique released after the recent G20 summit in Buenos Aires, Argentina.The meeting of finance ministers and central bankers ended with many conclusions, one of which being that the shift to the digital economy will impact the international tax system, and that the impact needs to be addressed by 2020.Earlier this year, the European Commission (The EU's executive arm) proposed higher taxes for digital companies. American companies, such as Amazon, Google, or Facebook, would bear the brunt of these changes. At the time, it was estimated that the EU would raise an additional $6 billion in taxes this way.At the G20 meeting, European Commissioner for Economic and Financial Affairs Pierre Moscovici said such a scenario would be 'fair'. Not everyone agrees, and some members said this would prompt international partners to 'retaliate'.“One of the big challenges is that … [Read more...] about Digital economy could face harsher taxes