Loncar China BioPharma ETF (CHNA) Celebrates One-Year Anniversary
Loncar China BioPharma ETF (CHNA)
Company Research
Source: Business Wire
In line with anniversary, CHNA ETF completes its semi-annual rebalance LENEXA, Kan.--(BUSINESS WIRE)--The Loncar China BioPharma ETF (Nasdaq: CHNA) today celebrates one year of trading on the Nasdaq in the United States. The fund gives investors exposure to 29 companies at the heart of China’s biopharmaceutical transformation.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
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