WWH Worldwide Healthcare Trust

Edison issues review on Worldwide Healthcare Trust (WWH): Scope for the trust to get back on track in 2024

Edison Investment Research Limited
Edison issues review on Worldwide Healthcare Trust (WWH): Scope for the trust to get back on track in 2024

08-Jan-2024 / 12:18 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 8 January 2024

 

Edison issues review on Worldwide Healthcare Trust (WWH): Scope for the trust to get back on track in 2024

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.

A combination of above-average investor risk aversion and lacklustre relative performance has weighed on the trust’s valuation. WWH’s double-digit discount, which is wider than its historical averages, could provide an additional opportunity when sentiment towards healthcare stocks improves and/or the trust’s relative performance gets back on track. WWH’s shares should now be more accessible to retail investors following a 10:1 share split in July 2023.

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Reports on Worldwide Healthcare Trust

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 PRESS RELEASE

Edison issues review on Worldwide Healthcare Trust (WWH): Scope for th...

Edison Investment Research Limited Edison issues review on Worldwide Healthcare Trust (WWH): Scope for the trust to get back on track in 2024 08-Jan-2024 / 12:18 GMT/BST The issuer is solely responsible for the content of this announcement.   London, UK, 8 January 2024   Edison issues review on Worldwide Healthcare Trust (WWH): Scope for the trust to get back on track in 2024 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 face...

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Worldwide Healthcare Trust’s (WWH’s) two co-managers, Sven Borho and Trevor Polischuk at specialist investor OrbiMed, remain positive on the prospects for the global healthcare industry. This view is based on favourable company fundamentals, increased clarity on US drug pricing and an upturn in merger and acquisition (M&A) activity, as pharma companies are using their strong balance sheets to bolster their product pipelines. The trust’s portfolio remains skewed to emerging (smaller-cap) biotech ...

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