60. Uncovering Trusts – Worldwide Healthcare Trust (WWH): New-look investment team aims to build on recent momentum

In this episode, Dr Arron Aatkar, director and analyst covering healthcare and investment companies at Edison, discusses Worldwide Healthcare Trust (WWH), a specialist trust investing across the global healthcare sector and managed by OrbiMed. Arron covers WWH's recent leadership transition, with Trevor Polischuk becoming lead manager alongside new co-manager Geoff Hsu following Sven Borho's departure after more than 30 years at the helm. He also discusses the trust's strong recovery through FY26 and into June 2026, with NAV and share price total returns of 30.6% and 29.9% over the 12 months to end-June, well ahead of the benchmark. This is driven by the trust's biotechnology allocation, M&A activity including its proprietary Biotech M&A Basket, and a standout contribution from Eli Lilly. Arron also touches on WWH's narrowing discount to NAV, its 0.9% ongoing charge and the trust's continued focus on innovation-led opportunities across oncology, obesity and diagnostics. \*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\** About ‘Uncovering Trusts’ *'Uncovering Trusts': is a podcast run by Edison analysts released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.* *About Edison:* *Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.* *Edison covers around 50 investment trusts, read about them here:* https://www.edisongroup.com/equities/investment-companies/