Other ETFs for this industry include iShares Nasdaq Biotechnology (NasdaqGM: IBB), First Trust Amex Biotechnology (NYSEArca: FBT) and Market Vectors Biotech ETF (NYSEArca: BBH). [Biotech ETFs Break Out]
The Dow Jones Biotechnology Index hit an all-time high this month and the sector has been among the few to weather the sell-off, writes Matt McCall at Investopedia.
“The combination of new drug approvals by the FDA and the speculation of more mergers have been the catalysts behind the recent outperformance. There is no reason to doubt that this action will end anytime soon,” he said.
SPDR S&P Biotech