Extracting value from demographic change

Andrew Bascand | Harbour Asset Management | 08 October 2013

1. EXECUTIVE SUMMARY

1.1.  Demographic change

Demographic change is happening on a major scale globally, and as investors, we need to consider the long-term projections and possible policy responses before we can decide on an investment approach.

Two key themes of the demographic evolution are a combination of increased numbers of retirees relative to the working-age population, and a significant rise in the longevity of this...