The Traderszone Network

Published in TZ Latest News 8 May, 2014 by The TZ Newswire Staff

What Is The PE Of The iShares Biotech ETF? It Depends On Whether You Read The Fine Print

Something amusing, or rather, shocking was revealed when we decided to check on a fact Jim Grant noted yesterday in the fine print of the iShares Biotech ETF, also known as the IBB.

As a reminder, this is an ETF whose price over the past two years had gone absolutely parabolic and which almost doubled in the past year until the recent tremors managed to put a slight dent in the second tech/story bubble.

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