With most investment trusts trading at a discount to net asset value (NAV), it is harder than ever to tell traps from opportunities, as private equity trusts' shareholders can attest. But investors in Polar Capital Global Healthcare (PCGH) have a better chance than most of seeing the gap disappear thanks to the fixed life of the trust.
Tip style
Growth
Risk rating
Medium
Timescale
Medium Term
Bull points
- High-conviction portfolio
- NAV discount likely to close
- Resilient sector in a downturn
- Top performer among peers
Bear points
- More cautious than peers
- Hasn’t always beaten its benchmark
PCGH is a growth-focused trust investing in global healthcare companies and is due to run until 2025. When the time comes, in the absence of any other options, the trust will be wound up and the assets liquidated.