Setting the context
Singapore is ageing fast and this is unsurprising to many. The Lion City is expected to reach super-aged status by 2026, where the proportion of the population aged 65 and above will be above 21%. This trend has been recognised by the government which foresees that healthcare will account for the bulk of increases in government social spending by 2030. However, Singapore is not alone in this demographic shift. Many mature economies, including the USA, Germany, and Japan, are facing similar ageing trends. Emerging economies such as China and Russia are also experiencing this phenomenonImpact on businesses and industries
Investors must take into account the effects that an ageing population may have on their portfolios....