Investment Trusts

The Biotech Growth Trust PLC


The Biotech Growth Trust PLC

  • Price (GBX)1,180.00
  • Today's Change4.00 / 0.34%
  • Shares traded57.73k
  • 1 Year change-13.11%
  • Beta0.7166
Data delayed at least 20 minutes, as of Oct 28 2021 16:35 BST.
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About the company

The Biotech Growth Trust PLC is an investment trust. The Company's investment objective is to seek capital appreciation through investment in the biotechnology industry across the world. It invests in a diversified portfolio of shares and related securities in biotechnology companies. The Company will not invest more than 15%, in aggregate, of the value of its gross assets in other closed ended investment companies (including investment trusts) listed on the London Stock Exchange. The Company will not invest more than 15% of the value of its gross assets in any one individual stock at the time of acquisition. The Company will not invest more than 10% of the value of its gross assets in direct unquoted investments at the time of acquisition. OrbiMed Capital LLC is its portfolio manager. Frostrow Capital LLP is its alternative investment fund manager.

  • Revenue in GBP (TTM)225.51m
  • Net income in GBP200.43m
  • Incorporated1997
  • Employees0.00
  • Location
    The Biotech Growth Trust PLC25 Southampton BuildingsLONDON WC2A 1ALUnited KingdomGBR
  • Phone+44 203 008 4910
  • Fax+44 203 043 8889
  • Website
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Management group(s)--
AIC sectorBiotechnology & Healthcare
Launch date23 Jun 1997
Share typeOrdinary Share
Base currencyGBP


The Company seeks capital appreciation through investment in the worldwide biotechnology industry. In order to achieve its investment objective, the Company invests in a diversified portfolio of shares and related securities in biotechnology companies on a worldwide basis.

Managed by

Geoffrey C. Hsu

Management & contract fees

Management fee of 0.65% p.a. of the NAV. Performance fee of 16.5% of outperformance of the NAV over the benchmark. With effect from 1 April 2021 remove performance fee. Contract terminable on notice period of 12 months.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
(YOY change %)
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
(5 yr growth rate)
GCP Asset Backed Income Fund Ltd43.40m36.62m431.04m0.0011.790.9542--9.930.08310.08310.09851.030.0928------7.83--7.86--90.88--84.39----151.610.0721---0.1237---2.29------
Jpmorgan Asia Growth & Income PLC150.02m145.91m431.32m0.002.850.9064--2.881.551.551.594.870.3774--80.23--36.7113.8236.7614.0198.3596.2297.2693.55----0.0025.1720.42--22.73----39.51
Brunner Investment Trust Plc99.87m95.42m433.33m0.004.540.9283--4.342.232.232.3410.930.2226------21.279.3521.279.5897.1886.4795.5483.50----0.051620.53-44.3927.90-48.1463.52--5.57
Aberdeen Standard Asia Focus PLC57.42m50.18m441.81m0.009.921.07--7.691.421.421.7113.200.1235--62.28--10.794.4311.054.5492.0880.3287.3973.21----0.135527.29-257.24---323.87----6.67
Jpmorgan China Growth & Income PLC195.87m190.76m442.64m0.002.080.8439--2.262.552.552.546.300.4463--337.71--43.4722.4548.3325.4397.7195.1597.3994.23----0.004.12336.56121.70375.70239.86--32.68
JPmorgan Claverhouse Investment Trst PLC108.57m104.43m449.39m0.004.241.01--4.141.791.791.867.480.2329--104.24--22.403.7624.533.9696.7882.1996.1978.71----0.063787.64-144.14---151.56----6.53
Henderson Far East Income Limited29.62m21.29m463.10m0.0020.680.9839--15.630.14820.14820.20943.120.061--3.16--4.396.614.787.0686.8088.7871.8779.48----0.062790.35-211.68---272.47----3.68
Utilico Emerging Markets Trust PLC134.83m120.67m465.86m0.003.940.9298--3.460.53930.53930.60192.290.2608--42.47--23.345.1123.685.2092.9079.2989.4969.14----0.090657.24206.9162.86187.4283.44--3.97
Polar Capital Global Fincls Trust PLC70.91m66.80m477.00m0.003.631.09--6.730.48930.48930.52531.620.2966--77.71--27.944.1431.314.4196.6085.0794.2175.04--246.520.091964.31-227.97---260.27----6.41
Dunedin Income Growth Investment Tr PLC101.05m97.02m481.54m0.004.960.9892--4.770.65480.65480.6823.290.2053--32.58--19.717.3020.327.5896.9589.1796.0186.44----0.081251.50-98.57---103.08----2.34
Biotech Growth Trust PLC225.51m200.43m484.03m0.002.320.8131--
Mid Wynd International Invest Trust PLC84.33m81.22m492.53m0.005.471.07--5.841.471.471.517.540.2158--39.41--20.7815.1721.3715.6597.4696.5596.3294.71----0.02157.11161.1140.40172.0141.17--7.30
European Assets Trust PLC191.45m187.00m506.80m0.002.710.9628--2.650.51940.51940.53171.460.4057--74.32--39.635.9940.796.0598.2088.9597.6881.67----0.0466102.28-33.111.83-34.771.27---4.49
Schroder Asian Totl Retrn Invstmt Co PLC135.02m125.09m538.43m0.003.950.9906--3.991.251.251.335.000.2712--98.27--25.1316.2027.6117.2793.8190.7992.6589.53----0.0010.53136.7880.45153.8390.36--13.32
Scottish Investment Trust PLC51.37m40.99m539.31m10.0013.470.9145--10.500.60520.60520.71618.910.0738--13.33--5.894.935.924.9790.3890.5379.8077.61----0.124249.62-394.98---924.98----13.17
Octopus Renewables InfrastructureTrstPLC18.42m14.56m539.47m0.0025.681.13--29.300.04250.04250.05330.96590.0538--178.79--4.25--4.27--82.10--79.08------0.00--------------
Data as of Oct 28 2021. Currency figures normalised to The Biotech Growth Trust PLC's reporting currency: UK Pound GBX

Institutional shareholders

45.79%Per cent of shares held by top holders
HolderShares% Held
Hargreaves Lansdown Stockbrokers of 02 Jul 20213.68m8.84%
Legal & General Investment Management of 02 Jul 20212.79m6.70%
Rathbone Investment Management of 30 Apr 20212.31m5.54%
Border to Coast Pensions Partnership of 15 Jun 20212.08m5.00%
Hargreaves Lansdown Asset Management of 02 Jul 20211.86m4.47%
Brewin Dolphin of 30 Apr 20211.71m4.10%
M&G Investment Management of 30 Apr 20211.42m3.42%
Witan Investment Trust Plc (Investment Management)as of 06 Dec 20191.30m3.12%
West Yorkshire Pension Fundas of 02 Jul 20211.07m2.57%
BMO Asset Managers of 02 Jul 2021846.17k2.03%
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Data from 31 Mar 2020 - 21 Oct 2021Source: FactSet Research Systems Inc.
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