The Tekla World Healthcare closed-end fund (NYSE:THW) was launched on 6/26/2015 at a $20 IPO price. It has since fallen to $14.16 and trades at a 12.15% discount to net asset value. Tekla also manages Tekla Healthcare Investors (NYSE:HQH). It's been around since 1987 and has an average annual return of 11.21%. Their Life Science Investors fund (NYSE:HQL) has returned 9.78%/year since 1992.
Proven asset managers, unfortunate initial results on their newest fund. For those interested in health care investing this might merit consideration.
Link to Tekla World Healthcare website
William "David" Wedeking - President of Jade Reserves, Inc. and publisher of Sensible Speculation
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