Questor on Worldwide Healthcare – The healthcare sector is unloved – this trust is a prime example
Despite a strong historical track record, Worldwide Healthcare has suffered of late
Questor believes the healthcare sector is looking unloved at the moment. Sven Borho, the co-manager of Worldwide Healthcare Trust, the largest investment trust focused on the sector, agrees. In fact, he thinks the sector has been out of favour for most of the past decade.
Borho puts the blame for this squarely on the US debate around drug pricing, and while Questor agrees that it has had a big impact on sentiment, so too has the shift from the low inflation/low interest rate environment that prevailed before 2022.
While there had been mutterings about drug prices for a long time, it was a tweet by Hillary Clinton in September 2015, who was then on the campaign trail, that sparked an upset in the sector. She was promising to tackle price-gouging in the speciality drug market, which set the ball rolling on a series of measures from both sides of the US political divide.
Recently, this has culminated in President Trump’s May 2025 executive order aimed at bringing US prices for patented drugs down to the levels charged in other countries. Last week’s threat of a 200pc tariff on imports of drugs manufactured outside the US is another complicating factor.
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