The world’s emergence from the coronavirus pandemic is set to unleash a wave of spending by older consumers, with increasing opportunities for investors in aging-linked stocks. That’s the view of money managers who see huge pent-up demand from wealthy seniors for medical services and luxury goods. The total spending power of the older population globally was about $8.4 trillion in 2020, according to World Data Lab. As this changes, global healthcare spending is projected to bounce back in 2021, rising 5.8% to $8.8 trillion, according to IHS Markit. Read More: European Luxury Sizzles With Nasdaq-Beating MultiplesRossbach also has his eye on a rebound in luxury spending, with LVMH and liquor makers Pernod Ricard SA and Diageo Plc among his preferred reopening bets.

Source: Mint June 13, 2021 00:46 UTC