Bellevue Healthcare Trust Factsheet January 2023
Welcome to our first missive of 2023. Anyone hoping that macro-economic machinations would cease to be the key determinant of market performance will be disappointed thus far. The wider economic outlook was again in the driving seat, but the glass was half-full this time.
When thinking about company fundamentals (remember when those mattered?), it has been a positive month in respect of the Q4/FY 2022 reporting season thus far and in terms of updates from the annual JP Morgan healthcare jamboree early in the month. This leaves us comfortable that we have the right ordinances to achieve our longer-term return ambitions.
When the winds blow us all hither and thither, the only logical approach is to stay the course. This is not the easy option, following the prevailing wind is much more straightforward. Our total returns since inception hopefully give comfort that the course we are charting is the right one, despite choppy waters in the near-term.
When thinking about company fundamentals (remember when those mattered?), it has been a positive month in respect of the Q4/FY 2022 reporting season thus far and in terms of updates from the annual JP Morgan healthcare jamboree early in the month. This leaves us comfortable that we have the right ordinances to achieve our longer-term return ambitions.
When the winds blow us all hither and thither, the only logical approach is to stay the course. This is not the easy option, following the prevailing wind is much more straightforward. Our total returns since inception hopefully give comfort that the course we are charting is the right one, despite choppy waters in the near-term.
02.02.2023