Encouraging Signs for a Big Biotech ETF
May 08, 2017 at 10:37 AM EDT
The iShares Nasdaq Biotechnology ETF (NasdaqGM: IBB), the largest biotechnology exchange traded fund by assets, is up nearly 13% year-to-date, indicating biotechnology is playing a pivotal role in the broader healthcare sector’s resurgence. Biotechnology historically trades at multiples that...