Edison issues review on Worldwide Healthcare Trust
London, UK, 8 February 2021
Edison issues review on Worldwide Healthcare Trust (WWH)
Worldwide Healthcare Trust (WWH) is managed by Sven Borho and Trevor Polischuk at global healthcare specialist OrbiMed. Although the Democrats have regained control of the Senate, the managers consider it more of a blue 'trickle' than a 'wave' as they won by the narrowest of margins and they believe President Biden has far more pressing issues to deal with than healthcare reform. Borho and Polischuk are optimistic about the prospects for global healthcare stocks this year, supported by a 'golden era' of innovation, a constructive regulatory environment and the potential for robust levels of mergers and acquisition (M&A) activity.
WWH's board regularly issues shares to manage the trust's premium. It is currently trading at a 1.4% share price premium to cum-income NAV, which compares with average premiums of 0.5% and 0.3% over the last one and three years and average discounts of 0.9% and 3.3% over the last five and 10 years respectively. Based on its current share price, WWH offers a 0.7% yield.
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For more information, please contact Edison:
Mel Jenner, +44 (0)20 3077 5720, investmenttrusts@edisongroup.com
Sarah Godfrey, +44 (0)20 3681 2519, investmenttrusts@edisongroup.com
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