Equity Client Portfolio Manager
Archie Foster, Co-Head of Global Equities, Citi Investment Management
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Once considered a niche, thematic investing has gone thoroughly mainstream as investors have come to understand that certain trends are investible irrespective of economic conditions.
A quick look at a few facts highlights the expansive opportunities created by just two of the themes Citi Investment Management’s Co-Head of Global Equities Archie Foster, Senior Portfolio Manager Wietse Nijenhuis and Senior Equity Portfolio Manager William Mann explore in Investing with a Thematic Lens.
By 2050, more than two billion people will be over 60 years of age.1 80% of people over the age of 65 have at least one chronic condition, and 77% have at least two2
The ‘very senior’ population, the number of over-80s, is projected to more than triple, from 137 million to 425 million by 2050, concentrated in developed nations.3 An 80 year old consumes six times the health care that is consumed by a 59 year old4
By 2030 an estimated 5.3 billion people will belong to the global middle class, representing an additional 2 billion people compared to today; in China alone over 70% the population in 2030 could be middle class5
The collective increase in spending power from this segment is expected to grow from $37 trillion in 2017 to $64 trillion in 20306
Thoughtful thematic investing may prove to have profound, positive investor implications. As important, in our view, will be avoiding negative implications with excessive portfolio exposure to businesses and sectors most likely to be impacted negatively by themes. Find more on the themes we’re pursuing in Investing with a Thematic Lens.
Download: Investing with a Thematic Lens
1 United Nations, World Population Prospects, 2019
2 National Council on Aging, Healthy Aging Facts, 2018 Fact Sheet
3,4 The Organization for Economic Co-operation and Development (OECD), OECD Statistics, 2018
5,6 European Commission, Knowledge for Policy: Growing Consumption