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Chitta Wealth launches new fund Finding individual US health stocks with AI

Mr. Trawut Luengsomboon Chief Executive Officer Chitta Wealth Asset Management Company Limited (Asset Management Company) is the first startup in Thailand that has been authorized to manage private funds from the Office of the Securities and Exchange Commission (SEC). Private fund service Jitta Wealth revealed that the trend of health care around the world has continued to increase. from the increase of the elderly population The incidence of new epidemics rising rapidly Including Millenials (Generation Y, born 1980-1996) have a significant percentage of spending on health care.

Latest company Launched private fund Jitta Ranking US Healthcare, analyzing the selection of ‘good stocks, good prices’ for individual health care groups and the world’s leading Healthcare Digitalization innovations listed on 5-30 US stock exchanges with Jitta Ranking algorithms such as Fulgent Genetics, a company that manufactures Covid-19 test kits and other genetic test kits. At an affordable price, revenue growth of more than 135% by 2021. BioNTech manufactures mRNA-based immunotherapy biopharmaceuticals for the treatment of cancer and various infectious diseases. including the Covid-19 vaccine, which has 2021 revenue growth of more than 3,800%; and Exelixis, an oncology biotechnology company. Focused on research and development for cancer treatment in the US, with 2021 revenue growth of more than 45%.

Jitta Ranking US Healthcare will automatically adjust the portfolio every 3 months. According to Jitta Ranking US Healthcare’s 10-year Back Test (from 2012 to 2021), it can reach 22.00% per annum, while S&P Health Care Index TR yields 16.57%.

“The health industry in the United States It is the world’s number 1 largest market with a market capitalization at the end of 2020 of USD 4.12 trillion. and is expected to grow to a market capitalization of US$6.2 trillion by 2028, representing an average annual growth rate of 5.4% during 2020-2028, thus presenting an opportunity to build a wealth of future portfolios,” Mr. Trawut said

Mr. Trawut added that The Jitta Ranking US Healthcare Private Fund is another step forward in providing investors with access to the healthcare industry. One of the industries with outstanding growth and the most eye-catching in the world Support megatrends from the previous company It has introduced its investment policy in the aforementioned industries through “Global Healthcare”, a private fund Thematic Healthcare focuses on investing in shares of global health-related companies such as pharmaceutical companies and medical device manufacturers through the fund. iShares Global Healthcare ETF (IXJ), which provides a 31-year average yield of 15.19% (as of April 26, 2022). Chitta Wealth Asset Management Co., Ltd. charges a management fee of only 0.5% per annum.