Since raising £140 million at its launch in December 2016, BB Healthcare Trust has had a solid start. The actively managed fund, run by Bellevue Asset Management, has returned 17 per cent and aims to pay a dividend of 3.5 per cent in its first full year since listing on the London Stock Exchange.
With a market capitalisation of £230 million, it is returning to the market to raise fresh funds by issuing up to 150 million further shares via intermediaries. So should retail investors consider seizing the opportunity to tuck in a few more?
With a portfolio of up to 35 “high-conviction” investment ideas, and a three to five years investment horizon, BB is a decent way to gain exposure to the sector.
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