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Worldwide Healthcare Trust (WWH)

Business description

The investment objective of the Worldwide Healthcare Trust is to invest worldwide in pharmaceutical, biotechnology and related securities in the healthcare sector with the objective of achieving a high level of capital growth. Gearing and derivative transactions are used with a view to mitigating risk and enhancing capital returns.

Share price chart

Share chart

Investment summary

Worldwide Healthcare Trust PLC (WWH) is a UK-registered investment trust, offering diversified exposure to both the pharmaceutical and biotech sectors, and notable for its long track record. It has returned 13.0% in terms of both price and NAV total return during the past 12 months, slightly underperforming its benchmark, the MSCI World Healthcare Index (sterling adjusted), which returned 13.5%. Despite the uplift, valuations remain close to historical lows and, as such, significant upside potential remains. WWH has provided 76% year-on-year dividend growth for 2011 and its recent interims indicate that, at the halfway stage, it has sufficient revenue reserves to allow it to maintain the dividend at the increased level for 2012.

Last updated on 10/02/2012

Key management

Martin Smith, Chairman
Samuel D Isaly, Fund manager

Company address

25 Southampton Buildings
London
WC2A 1AL
United Kingdom
+44 (0) 203 0084910
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