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.