FBIOX Or FBDIX: Which Biotech Fund Should You Buy?
Zacks Investment Research | Mar 12, 2020 11:10PM ET
The biotechnology industry is in the limelight right now owing to the novel coronavirus. After all, as most biotechnology companies around the globe rush to formulate a vaccine in a bid to cure the fast-spreading, flu-like disease, mutual fund investors could find investing in this space beneficial in the long run.
In addition, the industry gained significantly last year from a series of mergers and acquisitions, initial public offerings, collaborative operations and new job additions. After all, the products and services offered by this industry are in demand round the year because of their nature, which make biotechnology a lucrative investment domain irrespective of how financial markets may perform.
Taking a look at how some major biotechnology exchange traded funds and indexes performed in 2019, one may note the impressive journey of the industry last year. Specifically, the SPDR S&P Biotech ETF (NYSE:XBI), iShares Nasdaq Biotechnology ETF (IBB), ProShares Ultra Nasdaq Biotechnology (BIB) and NASDAQ Biotechnology Index (NBI) rallied 30.5%, 23%, 41.8% and 22.9%, respectively.
This is why investing in mutual funds from the biotechnology industry is an ideal move right now. Let us compare two top-ranked funds from this space, each sporting a Zacks Mutual Fund Rank #1 (Strong Buy), and find out which is the best fund for investment purposes.
Fidelity Select Biotechnology Portfolio Original post
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