Positions I’m Watching: Biotechnology ETFs
Positions I’m Watching: Biotechnology ETFs
By: Stacey Nickens | July 24
Tons of biotechnology companies are tasked with developing a COVID-19 vaccine, making their stocks an appealing buy. However, when one or two of these companies eventually succeed, the others will could see a drop in the value of their stocks. Since none of us can predict the winners, I recommend looking at biotech ETFs. These ETFs hold many of the companies researching vaccines, which might allow you to capitalize on growth in this field. Yet, due to the broad-coverage of ETFs, you could also be more protected from individual company volatility. Some biotech ETFs I am watching are SPDR SP Biotech ETF (XBI) and iShares NASDAQ Biotechnology ETF (IBB).
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