Global Healthcare Leaders ETF

VanEck Vectors Global Health Leaders is under Algo Engine buy conditions. We suggest accumulating the fund within the value range indicated below.

Fund Description: HLTH invests in a diversified portfolio of leading international developed markets (ex-Australia)
companies with the best growth at a reasonable price (GARP) attributes from the global healthcare sector with the aim of providing investment returns, before fees and other costs, which track the performance of the Index.

The MarketGrader Developed Markets (ex-Australia) Health Care Net Return AUD Index seeks to identify the largest companies in the healthcare sector with the best GARP attributes, being the best drivers of long-term capital appreciation. The Index constituents are selected on the basis of the strength of their fundamentals across four-factor categories: growth, value, profitability and cash flow.

Bega – Earnings Review

Bega recently provided a trading update, with FY22 underlying EBITDA expected to be in the range of
A$195-215mn.

Earnings have been impacted by supply chain-related disruptions, with some offset by the full-year contribution of the Lion Dairy & Drinks acquisition and related cost synergies. FY23 earnings should reaccelerate and recent shareholder support from Andrew Forrest suggests the current price range is a good opportunity to build a position.