Worldwide Healthcare Trust (LSE: WWH)

Last close As at 18/03/2024

GBP30.75

−60.00 (−1.91%)

Market capitalisation

GBP1,848m

Worldwide Healthcare Trust is a specialist investment trust that invests in the global healthcare sector, with the objective of achieving a high level of capital growth. Gearing and derivative transactions are used to enhance capital returns and mitigate risk. Performance is measured against the MSCI World Health Care Index (sterling adjusted).

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Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • David Harris

    Chairman

  • Martin Smith

    Chairman

  • Sven H Borho

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (2.8) (6.7) (9.8)
Relative (6.1) (4.6) (13.1)
52 week high/low 3475.0p/3030.0p

Overview

Worldwide Healthcare Trust’s (WWH’s) co-managers, Sven Borho and Trevor Polischuk, at global healthcare specialist OrbiMed, are disappointed with WWH’s performance as, in recent years, the trust has faced both top-down and bottom-up headwinds. The managers remain confident that investors will return to focusing on positive healthcare industry fundamentals, which include high levels of innovation, accompanied by an elevated number of new product approvals and robust M&A activity ahead of an upcoming patent cliff. Borho and Polischuk continue to favour the prospects for emerging (smaller-cap) biotech rather than major pharma stocks, particularly as the biotech sector has experienced the longest and largest absolute and relative drawdown in its history.

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