Pharma market investments: How ETFs help you dabble in the sector at a modest price

"In general, focusing investments on a specific industry can be beneficial because it can help you pursue potential growth in resilient or innovative industries, diversify your portfolio, and manage risk," said Liebowitz.Given that ETFs, including pharma ETFs, invest in many securities, investors have the benefit of diversification, which can help broaden your exposure to the industry and reduce risk compared to investing in a single stock or bond, she said.

"However, keep in mind that compared to a broad market ETF, sector ETFs can be more volatile given their relatively narrow focus," cautioned Liebowitz.For some perspective, Todd Rosenbluth, head of research with VettaFi, said health care sector ETFs like Health Care Select Sector SPDR and Vanguard Health Care ETF have sizable exposure to pharmaceutical companies like Johnson & Johnson and Pfizer, as well as other less related companies like UnitedHealth Group and Medtronic.

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