Edison issues review on Worldwide Healthcare Trust

RNS Number : 6472U

Worldwide Healthcare Trust PLC

30 July 2020

 

London, UK, 30 July 2020

Edison issues review on Worldwide Healthcare Trust (WWH)

Worldwide Healthcare Trust (WWH) is celebrating its 25th anniversary. Managed by Sven Borho and Trevor Polischuk at OrbiMed, the trust has an enviable absolute and relative performance track record. The managers remain very constructive on the prospects for the global healthcare sector, suggesting that while President Trump has once again focused on the issue of US drug pricing, his 'bark is worse than his bite', and his efforts are a negotiating ploy to get the healthcare industry to the table to discuss reforms. They highlight minimal disruptions at the US Food and Drug Administration (FDA) as a result of the coronavirus and expect an uptick in industry mergers and acquisitions (M&A) in H220 and beyond.

WWH's shares regularly trade close to NAV. The current 1.1% premium to cum-income NAV compares to a range of an average 0.3% premium to an average 3.8% discount over the past one, three, five and 10 years. While the trust aims to generate long-term capital growth, it also pays semi-annual dividends. Based on its current share price, WWH offers a 0.7% yield. 

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