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BB Healthcare Trust PLC

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Market:
LSE
Market Cap:
£590.18 m
Price
136.00 GBX
Change
0.00%
52 weeks high
147.50
52 weeks low
113.00

In brief

BB Healthcare Trust plc is a high conviction, long-only investment trust invested in listed or quoted global healthcare equities. It is unconstrained and able to invest regardless of market cap, sub sector or region, and the portfolio is concentrated with a maximum of 35 holdings. The target total dividend in the first financial period is 3.5 pence per ordinary share (to be paid mostly out of capital) and in subsequent financial years will be set at 3.5 per cent. of net asset value at the end of the preceding financial year (to be paid mostly out of capital). BB Healthcare has an annual redemption option in order to assist with discount control and directors’ fees (for UK-based directors) are paid in shares. BB Healthcare is managed by Bellevue Asset Management AG which has built a successful track record in this sector.

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Snapshot

  • Invests in healthcare stocks around the world
  • Mainly invests in small- and mid-caps
  • Tough summer but history of outperformance
  • 4.85p divi targeted for 2019