Australian Investment Blog

Healthcare continues to outperform in Australia Whether we consider the last week, or the last 12months, the Australian Healthcare Sector remains a shining light on the local stock market. As would be expected there are some blemishes within the sector, with Ansell (ANN) and Primary Health Care (PRY) experiencing a disappointing 12 months. However, overall the sector remains in the black for the last 12 months, while the ASX200 is down 5.5%. The obvious fundamentals of a population continuing to grow and enjoy better quality health conditions remain firmly in play. The concern with the sector has been the same for a lot of investors over recent years and remains today, relatively high valuations and low dividend yields compared to the market as whole. However, if a company is growing and increasing earnings per share, both of these concerns dissipate very rapidly. ASX200 Health Care Index Quarterly Chart