CSOP Hang Seng Biotech ETF (03174.HK) Rose 1.30% to 3.262
Newtimespace News, as of 09:55 on May 19, CSOP Hang Seng Biotech ETF (03174.HK) was quoted at HKD 3.262, up 1.30%. The ETF opened at HKD 3.224, with a high of HKD 3.288 and a low of HKD 3.220. The latest Net Asset Value (NAV) per unit is HKD 3.233, with a premium rate of -0.39%. The asset size is approximately HKD 821 million.
CSOP Hang Seng Biotech ETF (03174.HK) tracks the Hang Seng Biotechnology Index, which is compiled and published by Hang Seng Indexes Company Limited. The index aims to track the overall performance of the 30 largest biotechnology companies listed in Hong Kong that are eligible for Stock Connect trading. The index broadly covers four major business sub-categories: pharmaceuticals, biotechnology, pharmaceutical distribution, and medical equipment and supplies, with a deep focus on core innovation areas in biotechnology such as innovative drugs, CXO (pharmaceutical outsourcing services), and medical devices. This ETF provides investors with a tool for concentrated investment in leading biotechnology companies listed in Hong Kong, offering a high degree of industry concentration.
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