50% off Premium Yearly
Ishares Nasdaq BiotechnologyIBBCOMMENTOct 06, 2016Stock price when the opinion was issued
As of Jun 17, 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.
He sees absolutely nothing wrong with being in the biotech sector. The fees are going to be low.