Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Loncar China BioPharma ETF (CHNA) Celebrates One-Year Anniversary

Posted by fidest press agency su domenica, 18 agosto 2019

Biopharma is a focus of China as it seeks to shift its economy toward innovation and become a global leader in world-class science and medicine. China has a large pool of talent in life sciences, has harmonized its drug regulatory agency with international standards and is adding innovative drugs to its national reimbursement list at an expedited pace.
The CHNA ETF launched in an effort to get ahead of this trend and aims to help investors capture leaders in the space through the convenience of one security that trades in the United States. It is based on the Loncar China BioPharma Index, which was developed by biotechnology investor and Loncar Investments CEO Brad Loncar.“China’s future is rooted in innovation,” says Loncar. “We believe investing in medicine and the scientific revolution within China is a compelling way to harness and capitalize on China’s new and growing economy. The country’s commitment to life sciences and its ability to be a major player in the industry is of global significance and this has been reinforced by the progress seen over the last year.” A new rule implemented by the Hong Kong Stock Exchange allows pre-revenue biotech companies to list publicly for the first time. With this in mind, the CHNA ETF held its most recent semi-annual rebalance on Aug. 12 and added three companies that recently had initial public offerings in Hong Kong to the fund: CanSino Biologics (HKEX: 6185), Hansoh Pharmaceutical Group (HKEX: 3692) and Viva Biotech (HKEX: 1873). This now makes a total of six life sciences companies held by CHNA that are newly listed in Hong Kong over the last year. Click here to see all holdings of the CHNA ETF.For more information and to read Brad Loncar’s commentary, CEO interviews and other exclusive research, please visit http://www.loncarfunds.com. Visitors can sign up to receive email alerts at the bottom of any webpage.

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