Merck, AHP [& LLY] Among Drug Stocks Picked by Schroer, Barron's Says
Bloomberg News
October 10, 1998, 4:52 p.m. ET
New York, Oct. 10 (Bloomberg) -- Merck & Co., American Home
Products Corp. and Eli Lilly & Co. are among drugmakers Invesco
Funds Group Inc. portfolio manager John Schroer expects to profit
even in a global recession, Barron's reported. The fund manager
likes the stocks because the companies are developing new drugs
and don't do a lot business in less-stable emerging markets.
McKesson Corp., IMS Health Inc., AmeriSource Health Corp.,
Medtronic Inc. and Sofamor Danek Group Inc. are other stocks
Schroer is buying, the paper said.
Schroer manages the $1.2 billion Invesco Strategic Health
Sciences and $500 million Invesco Global Health Sciences funds.
--Andrew Brooks in the Princeton newsroom (609) 279-4066/gfh |
