More than $1.2B of biotech outflows since Trump press conference

Jan. 27, 2017 3:30 PM ETBBH, IBB, PPH, PBE, PJP, BBC, XBI, IHE, XPH, HQL, FBT, BBP, LABU, LABD, UBIO, ZBIO, LABS, PILS, PILL, FTXHBy: Stephen Alpher, SA News Editor46 Comments
  • via Brad Loncar
  • In the week following then president-elect Trump's Jan. 11 press conference, there were $526M in net outflows from biotech, according to Raymond James. In the next week, another $733M poured out.
  • Together, that's $1.25B of net outflows since Trump said the drug industry was "getting away with murder," and called for new bidding procedures.
  • ETFs: IBB, XBI, PJP, BBH, FBT, HQL, XPH, PBE, IHE, LABU, BBC, PPH, BBP, LABD, UBIO, ZBIO, LABS, FTXH, PILL, PILS

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