Post-Election Enthusiasm for Biotech ETFs Wanes

The iShares Nasdaq Biotechnology ETF (NasdaqGM: IBB), the largest biotech ETF by assets, and rival biotechnology exchange traded funds were boosted in November by Republican Donald Trump’s surprising victory in the 2016 U.S. presidential election. However, enthusiasm for biotech ETFs has recently evaporated in significant fashion. For example, IBB finished November with a gain of…Click to read more at