Hi Allen, Re: Biotech ETF............... Yes, it's PowerShares PBE that is represented in that investment. Disclaimer: What went up for the last two or three years might not go up next year!!!! (IBB actually out-performed PBE for the last three years, but someone forgot to tell me that would happen three years ago! http://stockcharts.com/freecharts/perf.php?IBB,pbe )