Trust issues

Trust Issues - investing in biotech with IBT managers Ailsa Craig & Marek Poszepczynski

We discuss opportunities for investors in the biotech sector with the managers of IBT...
Jo Groves
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Updated 11 Nov 2024
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This is a non-independent marketing communication commissioned by Schroder Investment Management. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.

In this episode of Trust Issues, we speak to Ailsa Craig & Marek Poszepczynski, managers of International Biotechnology (IBT), about the opportunity for investors in the biotech sector, from the implications of a Trump victory to the current state of play on obesity drugs.

00:00 Introduction

00:19 Overview of IBT and current allocations

02:24 Change in composition of XBI

03:25 Benefits of a basket approach

05:06 Most exciting developments in the biotech sector

07:25 Can other companies compete with Eli Lilly and Novo Nordisk on obesity drugs?

08:49 Recent allocation changes due to the market cycle

12:26 Views on current valuations

15:12 Outlook for M&A

17:09 Outlook for IPO market in 2025

18:13 What IBT offers beyond a passive strategy

19:45 Implications of a Trump administration

21:26 Impact of rate cuts on the portfolio and wider sentiment

22:16 Further information

22:43 Risk warning

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International Biotechnology 13 November 2024

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About the Author

Jo Groves
[email protected]
Jo is an investment specialist for Kepler Trust Intelligence. Prior to joining Kepler Partners, she worked as an investment writer at Forbes Advisor and The Motley Fool. Jo started her career as an auditor at Arthur Andersen, before joining the corporate finance department at Close Brothers where she advised corporate and private equity clients on acquisitions, disposals and other strategic issues. Jo has a BSc in Geography from Durham University and is a Chartered Accountant (ACA).

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