China stocks the new trend? Loncar launches index
In a move that highlights the increasing fixation on opportunities in China, a new stock market index launched this morning to track the performance of companies leading China’s biotech rise. This new index will go by the symbol $LCHINA, and it includes stocks on both the Hong Kong Exchange and the Nasdaq.
Founded by Brad Loncar, an independent biotech investor, through his company Loncar Investments, the index is the second formed by Loncar that follows major trends in biotech. His first index, which debuted in 2015, is a collection of immunotherapy stocks under the index $LCINDX.
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