Mirae debuts Asia ex-Japan healthcare ETF in Hong Kong

Dec 20th, 2016 | By | Category: Equities

Sector & Thematic Strategy Briefing - Wednesday 29th March 2023 - The Berkeley, London Please join us for our annual sector and thematic investing event, featuring DWS Xtrackers, First Trust, MSCI, Redburn and Sprott Asset Management. Please register now if you would like to attend.

Mirae Asset Global Investments has launched the Mirae Asset Horizons S&P Asia ex Japan Healthcare ETF on the Hong Kong Stock Exchange. It seeks to position itself to profit from a growing demand for healthcare products and services in Asia.

Mirae debuts Asia healthcare ETF in Hong Kong

The Asia ex-Japan healthcare sector is expected to grow at a rate of 6.6% per annum by 2019.

The ETF tracks the S&P Pan Asia ex-JANZ Health Care 20 Index, a reference for the performance of healthcare companies listed in Asian countries excluding Japan.

The Asia ex-Japan healthcare sector is expected to grow at a rate of 6.6% per annum by 2019, according to David Tsoi, an ETF analyst at Mirae. The Indian and Chinese healthcare markets are of particular interest, as high growth of 16% and 8.8% respectively are expected in these two markets.

The index currently comprises 34% of India-listed companies, 25% of China-listed companies, 20% of Korea-listed companies and the remaining 21% in other countries within Asia.

There are 50 constituents with the largest being Sun Pharmaceutical (9.3%), Celltrion (8.8%), SinoPharm (5.2%), Lupin (5.0%) and CSPC Pharmaceutical (4.9%).

The fund’s ongoing charges is estimated to be 1.68% per annum of NAV.

An investment in healthcare-linked ETFs may suit investors looking to add defensive investments to their portfolio as the demand for healthcare services and products is relatively “less elastic” – people are unlikely to compromise on the price of healthcare even when the market is faring poorly.


Tags: , , , , , , , , ,

Leave a Comment