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Finsbury life biotechnology fund up 15 per cent in six months

Finsbury Life Sciences Investment Trust announced a net asset value per share increase of 15.4 per cent over the six months to September 30, 2000.

Investing in European life science companies with a particular emphasis on biotechnology, the Finsbury fund was buoyed by the sequencing of the human genome, announced in June this year.

Finsbury fund chairman John Sclater says: “It is pleasing that the progress being made by the biotechnology industry is gaining wider recognition within the investment community. We believe the sector continues to provide the prospect of significant long-term capital gains.”

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