RCS - Worldwide Healthcare - Edison update - Worldwide Healthcare Trust
24/07/2015 10:54
RNS Number : 0275U Worldwide Healthcare Trust PLC 24 July 2015 London, UK, 24 July 2015 Edison issues research update on Worldwide Healthcare Trust Worldwide Healthcare Trust (WWH) offers broad exposure to the global healthcare sector, including investments in healthcare services and medical devices alongside the more mainstream areas of pharmaceuticals and biotechnology. Healthcare has performed strongly in recent years, and WWH has outperformed its benchmark, the MSCI World Health Care Index, in three of the past four years to 30 June, particularly so in the last two years. While such strong performance may spark fears that a rerating is overdue, the manager points to continued favourable fundamentals for the sector, with the pace of drug discovery and an accommodative regulatory backdrop providing support. At 20 July WWH's shares were trading at a 2.0% discount to cum-income NAV. This is narrower than the average discount over one, three and five years (4.6%, 4.6% and 6.1% respectively), but below the premium of 0.6% seen in late January, which was followed by a brief widening of the discount to 8% in early March. At the time of writing and after a sustained period of strong performance the shares were at a 52-week high, although NAV was 4% below its peak value. Click here to view the full report All reports published by Edison are available to download free of charge from its website. www.edisoninvestmentresearch.com About Edison:Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support their capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. Contact details:Learn more atwww.edisongroup.com and connect with Edison on:
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