The allure of achieving incredible gains in short time periods has many investors looking to strike it rich picking biotech stocks. But it's also attracted the attention of many fund companies, which are looking to capitalize on the average investor's interest in a more diversified form of biotech exposure. While my personal preference for the longer-term investor looking to invest in biotech is to target a basket of stocks, in the following video, I offer up an opinion on the biotech ETF that best captures the essence of biotech investing.

Brenton Flynn owns shares of Sarepta Therapeutics. The Motley Fool owns shares of Dendreon. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.