I first covered this ETF 3 years ago.
It did break up to 24 price level but was short before plunging to more than 30% losses for the next 3 years. I was down on paper losses but held on to it.
Recently , there had been good news on two companies,
1. Jiangsu Hengrui
2. Innovent Biologics
For those who wish to know more about this ETF, you can read up here
I expect more upside to come as we witness the China pharma companies playing a more crucial role in the healthcare industry. As the country gets richer and more prosperous, people consume more and the probability of getting sick tends to get higher. Already, obesity is becoming a major issue for the country. Somehow, I think there is a co-relation with fast food and obesity. Do a google search and there are plenty of articles on it.
Having said that, I still think the bad guys (fast food, alcohol, tobacco, etc) tends to stick to a person habit much more than kicking it off and replacing it with healthier food options or hitting the gym. One gives pleasure the other gives pain (depends on which side you are looking at)
It did break up to 24 price level but was short before plunging to more than 30% losses for the next 3 years. I was down on paper losses but held on to it.
Recently , there had been good news on two companies,
1. Jiangsu Hengrui
2. Innovent Biologics
For those who wish to know more about this ETF, you can read up here
I expect more upside to come as we witness the China pharma companies playing a more crucial role in the healthcare industry. As the country gets richer and more prosperous, people consume more and the probability of getting sick tends to get higher. Already, obesity is becoming a major issue for the country. Somehow, I think there is a co-relation with fast food and obesity. Do a google search and there are plenty of articles on it.
Having said that, I still think the bad guys (fast food, alcohol, tobacco, etc) tends to stick to a person habit much more than kicking it off and replacing it with healthier food options or hitting the gym. One gives pleasure the other gives pain (depends on which side you are looking at)
Note
wow, it is up nearly 3% today !Note
added more last night 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.