Innovent Biologics IncInnovent is a top holding in the ETF, which is growing on positive outlook for innovative drugs driven by aging demand and insurance coverage.
The Sci-Tech Innovation Medical ETF Huaxia has reached a latest size of 249 million yuan, a nearly one-year high. The ETF has seen net inflows for 11 consecutive days, attracting a total of 139 million yuan, with an average daily net inflow of 12.6 million yuan. Huayuan Securities believes that after a decade of innovation and transformation, innovative drugs have significantly opened a new growth curve for Chinese pharmaceutical companies. The industry has reached a considerable scale, the trend of going overseas continues, while domestic aging demand and the improvement of the medical insurance payment system continue to drive incremental growth. The Hang Seng Medical ETF Huaxia closely tracks the Hang Seng Biotechnology Index, with the top ten holdings including Innovent Biologics, BeiGene, WuXi Biologics, and others, accounting for a combined 71.34%.
Innovent Biologics IncInnovent is a top holding in the ETF, which is growing on positive outlook for innovative drugs driven by aging demand and insurance coverage.
WuXi BiologicsWuXi Biologics is a top holding in the ETF, benefiting from the same industry tailwinds of innovative drug demand and overseas expansion.
BeiGene Ltd.BeiGene is a top holding in the ETF, which is rising on positive sector outlook for innovative drugs.
Inner Mongolia Yuan Xing Energy Co Ltd