Biotech ETFs Rally Back This Week
8/28 After Close The IBB closed at 353.28 up 0.68% and up 3.95% over 5 days.
Next week we will provide an analysis of three ETFs -FBT,IBB and XBI- compared to one large fund the Fidelity Select Biotech Portfolio (FBIOX). All of the ETFs recovered and were positive for the week with the XBI leading up 5.44%. YTD however the performance gap among the funds has narrowed and Fidelity (FBIOX) trails the major ETFs.
IBB at 347
On vacation until September 1.