Fabienne de La Serre
Investment manager - Paris
Louvre Gestion

Fabienne de La Serre believes that all developed countries are currently experiencing a demographic upheaval, with exceptionally high growth in the number of senior citizens.
This will have major sociological, political and, above all, economic repercussions.
A large number of companies, from a variety of different sectors, look likely to benefit from this trend. Indeed, older citizens are major consumers of healthcare products (drugs, home care, medical technologies, retirement homes, etc.), but also of tourism, food, cars, financial products, and even the Internet.
As a result, investing in those companies best placed to benefit from the increase in the number of older people could prove profitable.

However, simply opting for shares in companies exposed to older consumers does not in itself constitute a good stock-market investment. Careful stock picking and geographical and sector diversification are also essential.
The Senioractions Sicav covers all these aspects. Its management style based on stock-picking has proved its worth over more than four years.