Biotech Growth Trust PLC (The) Edison issues review on The Biotech Growth Trust
August 10 2020 - 10:12AM
RNS Non-Regulatory
TIDMBIOG
Biotech Growth Trust PLC (The)
10 August 2020
London, UK, 10 August 2020
Edison issues review on The Biotech Growth Trust (BIOG)
The Biotech Growth Trust (BIOG) is managed by Geoff Hsu, who is
able to draw on the considerable resources of specialist healthcare
investor OrbiMed Capital. While biotech stocks have rallied
strongly following the coronavirus-led stock market sell-off
earlier in 2020, the manager believes they could have further to
go. He is confident that a successful COVID-19 vaccine will be
developed and positive fundamentals are supportive for the biotech
sector's future performance. Repositioning of BIOG's portfolio
during FY20 has been accretive to the trust's returns in recent
quarters; it has now outperformed its benchmark NASDAQ
Biotechnology index over the past one, three, five and 10 years,
and investors have also enjoyed very solid absolute total returns
of more than 20% pa over the past decade.
BIOG has an active discount control programme, aiming to limit
the discount to a maximum of c 6% in normal market conditions. The
trust's current 3.3% share price premium to cum-income NAV compares
with a 5.5% to 7.2% range of average discounts over the past one,
three, five and 10 years.
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Mel Jenner, +44 (0)20 3077 5720
Sarah Godfrey, +44 (0)20 3681 2519
investmenttrusts@edisongroup.com
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