Hi JT, I do like the healthcare sector and hold IXJ global healthcare ETF which is traded on ASX. I personally think there are a few advantages to this vs a single share option like FPH which is priced where its at. IXJ is no longer "cheap" but it does diversify and gives exposure to top healthcare stocks in Europe and US. While there are 100s of shares in the ETF (no RMD or FPH), the top 10 represent 41% of the funds value. I think the industry will continue to grow, the top players like Johnson and Johnson, Pfizer, Roche will continue to do well and I'm happy to ride the train with exposure to a whole sector.
I'm keen to hold more US equities also, I'm hoping for a pullback to get into more stocks (I'm holding some USD through ANZ). I like some of the big names, Apple, Microsoft, FB, Disney, and some of the big banks. I think the kiwi dollar will be under pressure over the next 2 years so I think it will make sense to buy overseas stocks. If the kiwi holds, then I'm ok with that also.
I really like FPH and if you own it, great. I just can't bring myself to buy in at $7... It could be $8 in a few months and then it will be even more out of my range.