Which Investment Trusts Hold Astra?

One in five investment companies have holdings in at least one of the big pharmaceutical companies currently in talks, so how are they affected by the deals?

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This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, the AIC examines which trusts are affected by the M&A activity in the pharma sector.

Investors in pharmaceuticals have been paying close attention to the markets, with share prices at Novartis and GlaxoSmithKline rising following the announcement of an asset swap and merger of consumer health units, as well as a takeover bid of AstraZeneca (AZN) by Pfizer (PFE).

Investment companies across a number of Association of Investment Company (AIC) sectors have significant exposure to global pharmaceuticals, with 19% including at least one of the big pharmaceutical deal companies; Novartis (NOVN), GlaxoSmithKline (GSK), AstraZeneca and Pfizer, in their top ten holdings.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AstraZeneca PLC8,994.00 GBX-0.10Rating
GlaxoSmithKline PLC1,441.80 GBX0.53Rating
Novartis AG76.02 CHF-2.38Rating
Pfizer Inc42.97 USD-1.35Rating

About Author

The Association of Investment Companies (AIC)

The Association of Investment Companies (AIC)  was founded in 1932 and represents a broad range of closed-ended investment companies, incorporating investment trusts and VCTs.