Report

Review: Healthy returns from an established specialist

Worldwide Healthcare Trust (WWH) invests globally in companies involved in healthcare-related activities. It is overweight biotechnology and underweight pharmaceuticals relative to its benchmark MSCI World Health Care Index, and as such has outperformed on the back of strong returns from biotech over the past three years and in the sector’s recent bounce back from a spring sell-off. Its managers – whose sole focus is on life sciences – adopt a bottom-up investment process focused on understanding both the science and the financials behind potential investments. In spite of strong performance, WWH’s discount has widened recently and may indicate an attractive entry point for long-term investors.
Underlying
Worldwide Healthcare Trust

Worldwide Healthcare Trust is an investment trust. Co. invest in the global healthcare sector particularly in pharmaceutical and biotechnology companies and related securities in the healthcare sector. In addition, Co. invests in medical device technologies, life science tools and healthcare services. A maximum of 20% of the portfolio, at the time of acquisition, may be invested in companies in each of the following sectors: healthcare equipment and supplies; healthcare technology; and healthcare providers and services. Co.'s investment portfolio at Mar 31 2017, principally comprised listed equity investments, OTC swaps and unquoted debt investments and totalled £1,192,881,000.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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