Why I’m a Long-Term Investor in GlaxoSmithKline plc (GSK)

I’m in good company
Rightly or wrongly, I derive a certain comfort from knowing that investors with a far better track record than my own are also solid holders of GlaxoSmithKline shares. Step forward, super-investor Neil Woodford — who has 24% of his funds invested in just three pharmaceutical companies, one of which is GlaxoSmithKline. Indeed, last year he described the sector as being one of the most compelling investment opportunities that he has seen in his career.

Eastern promise
Finally, I like shares with an emerging-market dimension, as that is where GDP growth — and, hopefully, profit growth — is highest. And GlaxoSmithKline has made its commitment to emerging markets very explicit, with an avowed strategy of reducing its reliance on “white pill, Western markets.” Better still, it’s put its money where its mouth is, buying or enlarging its stakes in business as far flung as India and Nigeria.

The article Why I’m a Long-Term Investor in GlaxoSmithKline originally appeared on Fool.com and is written by Malcolm Wheatley.

Malcolm Wheatley owns shares of GlaxoSmithKline. The Motley Fool recommends GlaxoSmithKline.

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