Equity fund forecasts weight-loss drug market frenzy far from finish line

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Capital Group fund says it sees long-term opportunity in the development of drugs like Novo’s Ozempic

A global equity firm well-versed in pharmaceutical investing is betting the ongoing frenzy in weight-loss drug stock has further to run.

Novo Nordisk and Eli Lilly are among top holdings in the A$1.3 billion Capital Group New Perspective Fund, which is beating 94 per cent of peers this year, according to data compiled by Bloomberg. The long-standing fund, which first invested in the two companies long before recent fervour for obesity treatments, claims ...

 

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