from the AFR:
Investors looking to maximise their total shareholder returns should be looking to the healthcare sector, according to a new report.
The Boston Consulting Group's 2017 Australian Value Creators Report used total shareholder returns - defined as the combination of share price growth and dividends paid - to measure the best-performing companies over the past five years.
The report, set to be released on Wednesday, found that healthcare companies were among the best performers in the ASX 200 over the five-year period, reaping high returns as they benefited from an ageing population.
"Healthcare has been a standout performer. It has been the leading sector," said Damien Wodak, lead author and managing director of The Boston Consulting Group in Melbourne speaking exclusively with The Australian Financial Review.
"If you look over an eight-year period, healthcare is still the top-performing sector. It has favourable underlying factors with an ageing population but also some favourable Australian dollar movements."
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