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Re: [sharechat] Any good managed biotech funds around?


From: "Mark Hubbard" <mhubbard@es.co.nz>
Date: Sun, 24 Sep 2000 22:37:20 +1200


On 24 Sep 2000, at 22:03, nick wrote:


> Anybody know of any good funds concentrating on this >sector?
>Hopefully the sept/oct dip will be a good chance to enter one at a >realistic price


Hi Nick

I suspect your best bet is Rothschild's 'International Biotech Trust' - a UK Investment Trust which you can purchase on the London Stock Exchange through your broker. The stock symbol is IBT. For more information pop along to the following address.

http://www.trustnet.com/it/funds/default.asp?fund=30218

You'll find a complete profile of the fund at this address. Although past performance is no indicator of future performance, the fund has done a rather impressive 458% over the last year (its also priced at a 16% discount to its asset value).

Cheers

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