Edison Investment Research - Biotech Growth Trust (BIOG) The Biotech Growth Trust - Manager expects a reversal of recent results

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Edison Investment Research

Pedro Fonseca

The Biotech Growth Trust - Manager expects a reversal of recent results

The Biotech Growth Trust (BIOG) is managed by Geoff Hsu at healthcare specialist OrbiMed Capital, and benefits from OrbiMed’s presence in 11 offices across the globe. While the trust has had a weak period of absolute and relative performance over the last 12 months, the manager believes that the focus on emerging biotech (smaller-cap) and emerging market biotech stocks is the correct strategy; following this approach proved very successful for BIOG’s FY21 results. Investors are currently not focusing on the biotech sector’s strong fundamentals, and the sell-off since early-February 2021 may have created a very attractive entry point for those willing to look beyond the current cyclical/value stock market leadership.

01/04/2022 1 EN

Underlying

Biotech Growth Trust

Biotech Growth Trust is an investment trust company. Co. invests in a range portfolio of shares and related securities in biotechnology companies on a worldwide basis. Co.'s alternative investment fund manager is Frostrow Capital LLP and its portfolio manager is OrbiMed Capital LLC. As of Mar 31 2017, Co. had total investment of £461.4 million.

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GB0000385517 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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The Biotech Growth Trust - Manager expects a reversal of recent results

Edison issues update on The Biotech Growth Trust (BIOG): Onwards and upwards for performance recovery

The Biotech Growth Trust - Onwards and upwards for performance recovery

Biotech Growth Trust: 1 director

Record - AUME momentum and a sharper focus

Actinogen Medical - Funding in place through key catalysts

Henderson Opportunities Trust - A differentiated exposure to smaller companies

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