The sector is benefitting from a favorable outlook for the drug industry and M&A speculation. Other ETFs for this industry include iShares Nasdaq Biotechnology (NasdaqGM: IBB), First Trust Amex Biotechnology (NYSEArca: FBT) and Market Vectors Biotech ETF (NYSEArca: BBH).
Healthcare ETFs were also rallying one day before the Supreme Court is expected to rule on the constitutionality of Obama’s Affordable Care Act. [Healthcare ETFs Await Supreme Court Ruling]
SPDR S&P Biotech ETF
