Newscasts - CIO sees healthcare as a great potential investment in 2026

Boston Scientific

12/01/2026 21:00

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_dudm70ik&referenceId=tag:reuters.com,2026:newsml_RW619812012026RP1_930&pageId=Newscasts
Source: 'Reuters - Business videos'

Description: Todd Ahlsten, chief investment officer with Parnassus Investments, says while the Mag 7 have driven much of the market, investors can find attractive opportunities elsewhere, pointing to healthcare, where he sees reasonable valuations, favorable demographics and double-digit earnings growth.

Short Link: https://lseg.group/4stTy5M

Video Transcript:

So, we do spend a lot of time talking about the Mag 7 and AI as driving the market, and that's been well discussed. I feel there's other opportunities this year where you can see nice returns driven in the market. A couple areas we really like are healthcare. Healthcare has got great demographics behind it and double-digit earnings growth for a lot of companies, and importantly, the valuations are reasonable. So, we like reasonable valuations, double-digit earnings, positive demographics. And so, when you think about what are some examples of that. In the medical devices that we see a lot of growth in where you've got improving technology, positive demographics, and even places where AI can help innovation. So, when you think about companies like Boston Scientific helping with irregular heart rates and AFib, big growing market there. 1 in 22 Americans have AFib issues, and that can be addressed. Companies like Danaher and Thermo Fisher, life sciences, life sciences tools. We're going to see a lot of research coming out of all this innovation and technology, personalized medicine. And we think those areas are poised to do very, very well in the years ahead.