Closed-End Fund Market Commentaries
Sep 28, 2017
Click here to access Biotechnology Stocks Still At Reasonable Valuation Levels
View from the Observation Deck
1. From 3/9/09 through 9/27/17 (current bull market),the S&P 500 Biotechnology Index posted a cumulative total return of 437.45%, compared to 337.92% for the S&P 500 Health Care Index and 344.09% for the S&P 500 Index, according to Bloomberg.
2. The all-time high for the S&P 500 Biotechnology Index was established on 7/20/15 at a reading of 4,371.83.The index’s P/E ratio stood at 22.80 at the end of July 2015.The index began to sell-off after it peaked on 7/20/15.