The Biotech Growth Trust (LSE: BIOG)

Last close As at 20/05/2024

GBP9.75

−8.00 (−0.81%)

Market capitalisation

GBP331m

The Biotech Growth Trust seeks capital appreciation through investing in the worldwide biotechnology industry. Performance is measured against its benchmark index, the NASDAQ Biotechnology Index (sterling adjusted).

Latest Insights

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Investment Companies | Update

The Biotech Growth Trust — Onwards and upwards for performance recovery

Investment Companies | Review

The Biotech Growth Trust — Historic low sector valuations

Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Andrew Joy

    Chairman

  • Geoffrey Hsu

    Fund manager

  • Richard Klemm

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 4.7 2.0 16.1
Relative (2.0) (6.6) 6.9
52 week high/low 1024.0p/718.0p

Overview

The Biotech Growth Trust’s (BIOG’s) two co-managers, Geoff Hsu and Josh Golomb, at global healthcare specialist OrbiMed, believe that now could be an opportune time to consider the biotech sector as it is recovering from the longest and largest absolute and relative drawdown since 2006. The sector was negatively affected by sharply rising interest rates rather than a deterioration in industry fundamentals; indeed, the managers continue to refer to a ‘golden era’ of innovation within the biotech sector. BIOG’s relative performance has been through a difficult period given its high weighting in emerging (smaller-cap) biotech stocks, which performed significantly worse than the shares of large-cap biotech businesses during the sector sell-off.

Thematics

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Investment Companies

UK stock market – Scope for further upside in UK large-cap stocks

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Listed private equity – Performing a balancing act

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European equities

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Listed Private Equity

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