Premier's Robbins adds to US healthcare on strong jobs reports

Improving employment figures in the US are encouraging Premier Asset Management's Jake Robbins to increase his exposure to US healthcare companies.

Robbins' £87m Premier Global Alpha Growth fund, which merged with the Premier Global Strategic Growth fund last summer following the departure of manager and CIO Mike Jenning, holds 16% in healthcare companies. Most of this exposure is in the US, whose economy added 280,000 jobs in May - the highest figure in five months - to resume the upwards trend seen in 2015. Robbins said healthcare in the US has also benefitted from the introduction of Obamacare. But he is sceptical of buying companies based solely on their expected drug pipelines. He said: "I own United Health Group, Aetna, ...