Worldwide Healthcare Trust - Manager suggests May 2022 was inflexion point

663 Views21 Jul 2022 21:03
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SUMMARY

Worldwide Healthcare Trust (WWH) has two co-managers, Sven Borho and Trevor Polischuk at global healthcare specialist OrbiMed. Borho recently presented at the WWH AGM and despite disappointing performance in FY22 (March year-end), which he notes was a ‘mirror image’ of FY21, the manager remains optimistic about the trust’s prospects. He is hopeful that May/June 2022 marked the low point in the absolute and relative performance of biotech stocks and is confident that the focus on favouring emerging biotech and emerging market stocks over large-cap pharma companies will once again be the correct strategy for WWH’s shareholders. Borho considers that the trust’s portfolio offers investors a ‘mix of the big guys’, which gives some stability, along with ‘explosive growth’ companies, and this approach has delivered significant outperformance versus WWH’s benchmark over the long term.

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