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TrackInsight: Biotech Rebounds on M&A Surge and Vaccine Optimism

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09/15/2020 | 09:45am EDT

The US equity market rallied this Monday following a surge of M&A activity across the tech, telecom, and biotech sectors.

The US equity market rallied this Monday following a surge of M&A activity across the tech, telecom, and biotech sectors, along with growing optimism a COVID-19 vaccine could be distributed by the end of this year. ETFs exposed to biotechnology stocks jumped by an average of 4.18% yesterday. This rebound brings the one-month cumulative performance close to breakeven, at -1.45%, although the last thirty days have seen outflows of $475M in this sector. Year-to-date, the 12 ETFs of the biotechnology segment have gained 9.76% on average while investors have added $1.17 Bn of net assets.

Find out what matters to over 300 investors when selecting ETFs in the TrackInsight 2020 Global ETF Survey.


© www.trackinsight.com 2020
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