Fact sheet: The Biotech Growth Trust PLC

Fund information
Fund name
The Biotech Growth Trust PLC
Fund manager company
Frostrow Capital LLP
Fund type
Investment Trust
Fund managers
  • Orbimed Capitalsince 22/06/1997
  • Geoffrey C. Hsusince 18/05/2005
  • Richard D Klemmsince 18/05/2005
Accolades
Fund objective
The Biotech Growth Trust PLC seeks capital appreciation through investment in the worldwide biotechnology industry, principally by investing in emerging biotechnology companies. Performance is measured against its benchmark index, the NASDAQ Biotechnology Index (sterling adjusted).
Benchmark
  • NASDAQ Biotechnology
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
-3.3%
1 Year rank in sector
4/4
Sector
IT Biotechnology & Healthcare
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.2%
Fund size
£381m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
203
Mid price
682
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
729.04
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-5.35
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
112
Top in this sector
Fund name1 Year
Wldwide Hlthcare Tst PLC10%
PlrCp GblHlthcr G&IPLC5.3%
Intl Biotechnology Trust4.7%
The Biotech Growth Trust PLC-3.3%
BB HlthcareTstPlcRedOrd1P-
...more in IT Biotechnology & Healthcare

Performance snapshot

Holdings snapshot

  • North America85.2%
    Continental Europe12.4%
    Not Specified1.2%
    UK1.2%
  • No data available.
  • North American Equities85.2%
    European Equities12.4%
    International Equities1.2%
    UK Equities1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.7%-1.3%10.2%-3.3%59.3%270.7%
Sector3.5%1.4%12.9%6.2%66.7%206%
Rank within sector1 / 43 / 43 / 44 / 43 / 41 / 4
Quartile1st3rd3rd4th3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund-7.8%9.1%44.9%60.1%50.6%
Sector2.7%12.7%39.3%43.2%27.5%
Rank within sector4 / 43 / 42 / 41 / 41 / 4
Quartile4th3rd2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-4.67
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.38
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.52
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
31.06
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
13.56
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.02
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.87
Price movement
52 week high749.5
52 week low539.75
Current bid price680
Current offer price689.5
Current mid price682
Region
1North America85.2%
2Continental Europe12.4%
3Not Specified1.2%
4UK1.2%
Industry sector
No data available.
Asset type
1North American Equities85.2%
2European Equities12.4%
3International Equities1.2%
4UK Equities1.2%
Individual holdings
1BIOGEN INC11.5%
2AMGEN INC10.9%
3CELGENE CORP10%
4ALEXION PHARMACEUTICALS INC7.6%
5INCYTE CORP7.2%
6SHIRE PLC7.1%
7VERTEX PHARMACEUTICAL5.9%
8REGENERON PHARMACEUTICALS INC5.1%
9GILEAD SCIENCES INC3.6%
Management
Fund manager group
Frostrow Capital
Fund manager company
Frostrow Capital LLP
Fund type
Investment Trust
Fund objective
The Biotech Growth Trust PLC seeks capital appreciation through investment in the worldwide biotechnology industry, principally by investing in emerging biotechnology companies. Performance is measured against its benchmark index, the NASDAQ Biotechnology Index (sterling adjusted).
Benchmark
  • NASDAQ Biotechnology
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Orbimed Capital22/06/1997
Geoffrey C. Hsu18/05/2005Geoffrey C. Hsu, CFA, is a General Partner of OrbiMed, having joined in 2002 as a public biotechnology analyst. Prior to joining OrbiMed, he worked as a financial analyst in the healthcare investment banking group at Lehman Brothers. Mr. Hsu received his A.B. degree summa cum laude from Harvard University and holds an M.B.A. from Harvard Business School. Prior to business school, he spent two years studying medicine at Harvard Medical School.
Richard D Klemm18/05/2005Richard D. Klemm, Ph.D., CFA, joined OrbiMed in 2000 as a public biotechnology company analyst. He completed a Ph.D. from the Massachusetts Institute of Technology in molecular biology in 2000. Dr. Klemm has published scientific articles in the fields of DNA replication and transcription. He received a B.A. from the University of California, Berkeley in 1994 with majors in molecular and cell biology and economics.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
The Biotech Growth Trust PLC
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price709.93
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJFR
Data provided by

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