4 ESG Healthcare Stocks to Buy for Socially Conscious Investors By StockNews
Â© Reuters. 4 ESG Healthcare stocks to buy for socially aware investors
At a time when heightened consumer awareness has made health and sustainability almost equal concerns for consumers and some investors, we believe it would be wise for socially conscious investors to snatch ESG-grade stocks back into the market. health sector Johnson & Johnson (JNJ), Bristol -Myers Squibb (BMY), AmerisourceBergen (NYSE 🙂 and DENTSPLY SIRONA (NASDAQ :). Let’s discuss it. Environmental, Social and Governance (ESG) investing has not only introduced versatility and inclusiveness in corporate boards, it has also provided many retail investors with opportunities to make investments in line with their values. According to Morningstar, U.S. sustainable funds generated $ 15.7 billion in net inflows in the third quarter of 2021. Additionally, BlackRock’s iShares predicted that investments in this space would reach $ 1,000 billion by 2030.
Additionally, the COVID-19 pandemic has changed the outlook for consumers to now value healthier and more sustainable lifestyles. It is no longer exclusively physical health that consumers seek. Instead, there is much more demand for holistic development that includes environmental health, nutritional health, mental health, and social health. The pandemic has accelerated trends in health and sustainability, leading to changes in consumer behavior. In addition, the global healthcare cloud computing market, which can be considered as a branch of the sustainable healthcare industry, is expected to grow at a CAGR of 28.5% between 2020 and 2026.
Against this backdrop, we think it might be wise for socially aware investors to bet on fundamentally strong health ESG stocks Johnson & Johnson (JNJ), Bristol-Myers Squibb Company (NYSE :), AmerisourceBergen Corporation (ABC) and DENTSPLY SIRONA Inc. (RADIOGRAPHY).
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