FBT - FBT: An Equal Weight Way To Play Biotech

2024-04-10 17:30:40 ET

Summary

• Biotech stocks have not regained their 2021 peak levels, making them a potential catch-up trade.
• First Trust NYSE Arca Biotechnology Index Fund ETF is a fund that replicates the performance of the NYSE Arca Biotechnology Index.
• The FBT ETF invests equally in 30 leading biotech companies, offering exposure to the sector's growth potential with diversification.

The biotechnology sector has been a hotbed of innovation and progress, with companies making groundbreaking strides in areas like gene therapy, cancer treatments, and regenerative medicine. This progress, coupled with promising financial returns, has made the sector an attractive investment option. Unfortunately, the momentum just hasn't been there. Most biotech stocks peaked in 2021 and are still way below those levels....

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