The bank for a changing world

BNP Paribas Asset Management launches PARVEST World Health and PARVEST World Techno Media

  • 18.07.2000
As part of the Luxembourg-based Parvest investment fund, these two new sector sub-funds will allow investors to make the most out of the international growth opportunities currently available in the health Sector and in the media-internet sectors. Investors will benefit from BNP Paribas Asset Management's extensive experience in the area of sector and theme funds. BNP Paribas Asset Management has managed for the past 12 years a health sector fund, and for the past three years has managed a multi-media fund.


Parvest World Health invests in shares of companies worldwide operating in the health sector: pharmaceutical, medical and paramedical industries as well as biotechnologies.
This dynamic segment should continue to enjoy strong growth in the coming years (ageing of the population, implementation of fundamental discoveries such as that of the map of the human genome) and benefit from the continuing corporate concentration in the sector.

Parvest World Techno Media invests in media and internet sectors world-wide (press, television, music, advertising agencies, internet service companies).
This sector is one of the most buoyant at the moment, offering major growth prospects:
- traditional media companies are playing an active role in the Internet revolution by offering on-line services to their customers;
- cable companies are gaining from the emergence of digital technology. The predicted increase in revenues per subscriber should then lead to stock market revaluation;
- the sector is due for further consolidation, already initiated by mergers such as that of AOL-Time Warner.
Moreover, the recent market correction of these shares offers an investment opportunity.


The two new sub-funds, launched at an initial price of USD 100, are to be marketed in Austria, Belgium, Greece, Hong-Kong, Lebanon, Luxembourg, the Netherlands, the Czech Republic and Sweden. They will soon be available in France, Spain, Italy and Switzerland where approval procedures with the local Authorities are currently under way.


Parvest is the Luxembourg-registered umbrella investment fund of BNP Paribas Asset Management.
Since its creation in 1990, Parvest has enjoyed a constant and strong growth. It currently comprises 58 sub-funds and has assets of over 11 billion euros, placing it among the leading Luxembourg investment funds.
Parvest is marketed in 16 countries.
Press contact(s)
Contacts :

Michèle Sicard - 01 40 14 70 61
Henri de Clisson - 01 40 14 65 14