We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Investors seeking momentum may have KraneShares MSCI All China Health Care Index ETF (KURE - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of KURE are up approximately 50.02% from their 52-week low of $18.49/share.
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
KURE in Focus
The underlying MSCI China All Shares Health Care 10/40 Index is a free float adjusted market capitalization weighted index designed to track the equity market performance of Chinese companies engaged in the health care sector. KURE charges investors 65 basis points in fee per year (see all Asia-Pacific (Emerging) ETFs here).
Why the move?
Healthcare and biotech stocks and ETFs gained globally amid the ongoing medical emergency. China is no exception. China’s healthcare and biotech firms have raised a record $6.8 billion in fresh equity-linked transactions this year, per Reuters.
China’s healthcare expenditure made up only 6.6% of its GDP in 2018, compared with 17.7% in the United States, per Reuters. So, COVID-19 raised the importance of investing more in the Chinese healthcare system.
In any case, the Chinese biopharmaceutical and healthcare industry is thriving with opportunities right now. China is a big market with about $1.26 billion population, which has always been a point of interest for both Chinese and Western providers of drugs.
More Gains Ahead?
The fund has a weighted alpha of 39.26. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
China Healthcare ETF (KURE) Hits New 52-Week High
Investors seeking momentum may have KraneShares MSCI All China Health Care Index ETF (KURE - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of KURE are up approximately 50.02% from their 52-week low of $18.49/share.
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
KURE in Focus
The underlying MSCI China All Shares Health Care 10/40 Index is a free float adjusted market capitalization weighted index designed to track the equity market performance of Chinese companies engaged in the health care sector. KURE charges investors 65 basis points in fee per year (see all Asia-Pacific (Emerging) ETFs here).
Why the move?
Healthcare and biotech stocks and ETFs gained globally amid the ongoing medical emergency. China is no exception. China’s healthcare and biotech firms have raised a record $6.8 billion in fresh equity-linked transactions this year, per Reuters.
China’s healthcare expenditure made up only 6.6% of its GDP in 2018, compared with 17.7% in the United States, per Reuters. So, COVID-19 raised the importance of investing more in the Chinese healthcare system.
In any case, the Chinese biopharmaceutical and healthcare industry is thriving with opportunities right now. China is a big market with about $1.26 billion population, which has always been a point of interest for both Chinese and Western providers of drugs.
More Gains Ahead?
The fund has a weighted alpha of 39.26. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>