Update research from QuotedData

RNS Number : 9933E

Intl. Biotechnology Trust PLC

11 November 2020

 

International Biotechnology Trust - Update research from QuotedData

11^th November 2020

Healthy returns

International Biotechnology Trust (IBT) has delivered strong returns over the past year; its net asset value (NAV) is up 30% over the year to date, well ahead of its benchmark, and wider national and global indices. The COVID-19 pandemic has focused attention on the sector as a number of companies search for effective treatments and vaccines. The sector has recovered some ground relative to wider indices but - as is typical - the US election has been weighing on valuations. IBT's managers highlight that the real drivers of the sector's fortunes are not politics but factors such as the pace of drug discovery and approval, demographics and mergers and acquisitions (M&A) activity. They see further upside from here.

Full research:

https://quoteddata.com/research/international-biotechnology-trust-healthy-returns-qd/

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