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Ishares Nasdaq BiotechnologyIBBCOMMENTFeb 06, 2014Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
Healthcare sector outlook The sector has had a great bounce since March lows. A good way to play the COVID vaccine race. IBB is the best-known biotech ETF, but he does the XBI, because it's equal-weighted. XBI has had a great bounce. It's a great sector with reasonable valuations. The race for a COVID vaccine is a tailwind, of course. Biotech is a slow-growth area, which benefit from interest rates staying very low for the long term.
An example of a sector that has been considered to be expensive for the better part of 3-4 years. Not sure of their specific holdings but would imagine they have Biogenic, Biodex, Celgene, etc. This is an example of something he continues to own but doesn’t pretend to know enough about some of their individual companies. A perfect example of companies that you would want to own inside an ETF structure. Thinks it continues to go higher.