Review: Positioned for clinical success
The Biotech Growth Trust (BIOG) invests worldwide in the innovative area of biotechnology, with the aim of achieving capital growth. Biotech has been one of the strongest-performing market sectors in recent years, but controversy over drug pricing in the US caused a sell-off in September, denting returns over shorter periods. BIOG’s managers argue that truly innovative and effective new treatments will continue to have strong pricing power. The trust’s investment approach is catalyst-driven, with specialist managers and analysts assessing the likelihood of clinical success and positioning the portfolio accordingly. This strategy has worked well in the long term but a small number of company-specific events has affected recent performance, and BIOG’s discount is currently towards the wider end of historical ranges, with potential for rerating.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.
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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