Worldwide Healthcare Trust PLC Edison issues review on Worldwide Healthcare Trust
July 21 2021 - 2:00AM
RNS Non-Regulatory
TIDMWWH
Worldwide Healthcare Trust PLC
21 July 2021
London, UK, 21 July 2021
Edison issues review on Worldwide Healthcare Trust (WWH)
Worldwide Healthcare Trust (WWH) has two very experienced
co-managers, Sven Borho and Trevor Polischuk at healthcare
specialist investor OrbiMed. They remain very positive on the
outlook for the healthcare sector due to favourable industry
fundamentals and relatively attractive valuations. Despite a period
of underperformance this year due to the outperformance of
large-cap companies and a market rotation from growth to value
stocks given increased confidence in a post-pandemic economic
rebound, WWH retains a long-term record of outperformance versus
the MSCI World Health Care index. In FY21 the trust posted its
fourth-best year of excess return versus its benchmark in its
26-year history; this was primarily due to successful stock
selection in both listed and unquoted companies.
The trust's shares are trading at a 0.1% discount to cum-income
NAV, which compares to a range of an average 0.7% premium to a 0.3%
discount over the last one, three and five years. Shares are issued
regularly to manage the premium; in FY21, WWH's share base
increased by a significant c 20%, which raised GBP380.6m.
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