A Swiss wealth manager has launched a fund to invest in the healthcare sector amid the rapid ageing of the world's population. Healthcare is regarded as one of the prime sectors to benefit from the sharp rise in the number of over 60s to an estimated two billion by 2050.

Zürich-based Julius Baer this week launched the JB Health Opportunities Fund. The Ucits III-style fund will invest globally in listed healthcare companies including pharmaceutical firms, biotechnology companies and providers of medical services.