A high-level, monthly summary of key information about the trust.
Highlights from the commentary section include:
In June, the NAV per share total return was +9.6%, the share price total return was +10.2% and the return of the MSCI World Health Care Index on a net total return, sterling adjusted basis (Company’s Benchmark) was +6.7%.
The largest contributor to performance in June was once again Eli Lilly. Building on strong gains in May, the shares moved higher on continued optimism surrounding sales growth and the long-term opportunity for the company's next-generation obesity portfolio. Another emerging obesity company, Structure Therapeutics, rebounded sharply during the month (more than 35% in local currency), making it the second-largest contributor. uniQure was also among the top contributors.
The only detractor of import was once again Boston Scientific. The share price continued to decline in June as investors and analysts continue to lower sales expectations for 2026. We again reduced exposure to both Boston Scientific and the medical technology sector in the month.
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June 2026 Factsheet |
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