ETF Trends
ETF Trends

One sector that has held up very well amid weakness in the overall market is biotech. In fact, ETFs tracking the biotech stocks remain near all-time highs on successful drug trial tests and some investors positioning for deals in the sector.

The iShares Nasdaq Biotechnology (NasdaqGM: IBB) is up 21.2% year to date, more than doubling the 8.5% return of SPDR S&P 500 (NYSEArca: SPY), according to Morningstar.

The investment researcher notes that biotech ETFs were standout performers last week .

“Vertex Pharmaceuticals (NasdaqGS: VRTX), a core holding in four of the funds, rose more than 50% in one day after positive results in a study involving a two-drug therapy it has developed to treat cystic fibrosis, an incurable genetic disease,” it said.

Other sector ETFs include SPDR S&P Biotech ETF (NYSEArca: XBI), First Trust Amex Biotechnology (NYSEArca: FBT) and Market Vectors Biotech ETF (NYSEArca: BBH). [Choosing the Right Biotech ETF Exposure]

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