25th Nov 2015 16:31
LONDON (Alliance News) - Worldwide Healthcare Trust PLC on Wednesday said its net asset value total return was negative 12.0% over the six months ended September 30, underperforming the company's benchmark, the MSCI World Health Care Index measured on a net total return, sterling adjusted basis, which returned negative 9.7%.
The trust said the first half of its financial year was challenging for world markets, including the healthcare sector. "In addition to geopolitical and economic concerns centering on China, healthcare also had to contend with the prospect of sector specific issues relating to the potential for stricter regulation of drug pricing, a cause championed by Democrat presidential candidate Hillary Clinton," Chairman Martin Smith said in a statement.
On a rolling 12 month period, the company said it significantly outperformed both the broader market and the healthcare specific index, with a share price total return of positive 13.3% and a net asset value total return of positive 15.3% compared to the benchmark return of 10.0% and an MSCI World Index total return of positive 2.4% measured in sterling terms.
Shares in the trust were up 2.1% at 1,863.10 pence late Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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