(IBT) Kepler Trust Intelligence : New research

International Biotechnology Trust: New research

11/04/2018

A well-resourced biotechnology fund that has produced double digit annualised returns under the current manager, offering a yield of 4%...

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Highlights:

· Targets a yield of 4% and has seen its dividend increase 17.4% since it was introduced at the start of 2017, drawing income from capital

· Moved from a double digit discount at the start of 2017 to a premium earlier this year, but lost some ground during the market volatility in February and now trades at a discount of 5%

· The managers believe biotech could prosper under a new 'business friendly' FDA chief in the United States, where 90% of the portfolio is held, with biotech stocks in the US trading at a rare discount to the broader market

· A highly-experienced management team with a focus on avoiding 'key risk events'. The trust has delivered annualised NAV total returns of 17.35% per annum since lead manager Carl Harald Janson took the reins

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Important information - non-independent research

International Biotechnology Trust a client of Kepler Trust Intelligence. This material should be considered a marketing communication, and is not independent research.

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